ISRAEL

 

Woodside Pulls Out Of Leviathan Deal

 

Development of Israel’s 19 tcf Leviathan gas field took a knock this week after Australian LNG experts Woodside finally pulled the plug on protracted talks to purchase a 25% stake, worth in excess of $2bn.

 

After months of talks with local tax authorities, Woodside has officially withdrawn its interest in Israel’s Leviathan gas field. The company had originally signed a non-binding Memorandum of Understanding...