Israel turns to Russia’s Gazprom on gas project

As the article hits out, the Israelis would rather deal with worse terms under American businesses. This is likely due to the fact they are also not state-owned as Gazprom is. Dealing with state-owned means you’re dealing with the government. In this case of the government being Russian, the potential for industrial espionage is what we’re looking at. Their history is long in this department. The deal might be better than their American counterparts, but why take the chance?

Industry sources said Israel’s Delek Group has been negotiating with
Russia’s Gazprom to buy a stake in the Leviathan gas field in the
Mediterranean Sea. They said Delek wants to recruit Gazprom but has been opposed by a leading partner, the U.S. firm Nobel Energy. Continue reading