Gas Bombshell: Netanyahu’s Gas Policy Struck Down By High Court

israel natural gas

The Jerusalem Post reports: The High Court of Justice on Sunday struck down Prime Minister Benjamin Netanyahu’s flagship natural gas policy, but suspended formally striking the law for a year so he and the Knesset can adjust the 10-year freeze on the gas price and some other items.

The surprise ruling sent the political class into an all-out war of words, alternately presenting the ruling as disastrous for the economy or representing a historic redemption of democratic rule.

“The Supreme Court’s decision is a grave threat to the development of Israel’s gas reserves,” Netanyahu said in a statement issued some two hours after the ruling.

“Israel is seen as a country with exaggerated judicial involvement in which it is difficult to do business.

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