(AP) — Israeli Prime Minister Benjamin Netanyahu has signed a landmark deal with U.S. and Israeli gas companies to develop Israel's offshore gas deposits, despite months of protest by liberal lawmakers and environmentalists.
Resource-poor Israel announced the discovery of sizeable offshore natural gas deposits about five years ago, and a partnership made up of Israeli and U.S. companies began extracting gas. After the country's antitrust commissioner determined last year that the gas companies' ownership constituted a monopoly, a government committee reached a deal with the firms to break up their control and introduce competition.
Israelis hold up banners during a demonstration in Tel Aviv against the emerging natural gas deal. Hebrew on the sign reads, "Netanyahu and Deri stink of corruption," referring to Israeli Prime Minister Benjamin Netanyahu and Economy and Commerce Minister Aryeh Deri. (AP Photo/Dan Balilty)Critics say the deal favors the developers over the Israeli public. Netanyahu dismissed the criticism as "populist," and signed the deal Thursday.
Groups opposed to the deal are submitting petitions to challenge it in Israel's supreme court.