The 3 Week Diet System

Saturday, July 4, 2015

Thousands take to Tel Aviv streets to protest gas deal

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July 04:


Four other protests took place simultaneously throughout the country, including outside Prime Minister Benjamin Netanyahu's residence in Jerusalem, as well as the premier's home in Caesarea.



Tel Aviv gas deal protest. (photo credit:AVRAHAM SASSONI)


Thousands of activists gathered in the heart of Tel Aviv on Saturday night to protest a proposed natural gas bill being debated in the Knesset.

Among the demonstrators were MK members from Meretz and smaller parties. 

Four other protests took place simultaneously throughout the country, including outside Prime Minister Benjamin Netanyahu's residence in Jerusalem, as well as the premier's home in Caesarea. 

"The people marching with me now and throughout the country are showing that the public will not remain indifferent in the face of a planned robbery of natural gas, being lead by the Netanyahu administration," said Mor Gilboa, head of the Green Course environmental activist movement, in an interview with the Jerusalem Post sister paper, Ma'ariv.

On Tuesday, Energy Minister Yuval Steinitz Steinitz made the gas outline available to the public. It gave gas companies two options in negotiating prices. 

The first would involve a formula that takes into account revenues from gas sales made during the previous quarter, divided by the cumulative amount of natural gas in million British Thermal Units (mmBtu), and would be updated at the beginning of each quarter. 

The second would be to calculate sales prices based on the best existing consumer contracts in the market, taking into account current prices for benchmark Brent crude oil.

If a company ended up exporting gas at a price that is lower than its sales price in the domestic market, the firms would need to sell its gas in Israel at the lower price.

Until a competitive market is achieved, a price ceiling with linkage to market changes – at this point, $5.40 per mmBtu – would be enforced.

Source: http://www.jpost.com/Israel-News/Thousands-take-to-Tel-Aviv-streets-to-protest-gas-deal-407987?

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