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Israel

Major blow to Bibi as gas deal is rejected

March 31, 2016 08:42
Netanyahu2 3

By

Anshel Pfeffer,

Anshel Pfeffer

1 min read

The High Court has delivered the most serious blow to Prime Minister Benjamin Netanyahu’s credibility since he began his fourth term in office.

The court struck down a key part of the natural gas framework agreed on by the government and the Israeli-US energy companies controlling the largest gas-fields off Israel’s Mediterranean coast.

The part of the agreement rejected by the court was a “stability clause”, which guaranteed that, for 10 years, there would be no legislative changes that could affect the terms of the deal.

Mr Netanyahu had expended a great deal of political capital to push the agreement through the cabinet and the Knesset.

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