Australia's Woodside scraps $2.7B Israeli gas field deal - Israel News, Ynetnews

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Australia's Woodside scraps $2.7B Israeli gas field deal

Published: 05.21.14, 09:01 / Israel News

Woodside Petroleum Ltd , Australia's top gas producer, has ditched long-awaited plans to take a stake worth up to $2.7 billion in Israel's flagship Leviathan gas project, as the venture focuses on exporting by pipeline.


Woodside's decision to end an agreement to buy a 25 percent stake in the project leaves the partners without the expertise in liquefied natural gas (LNG) that was key to helping Israel expand its gas export options beyond the Middle East to Asia. (Reuters)


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