Woodside ‘hopeful' on Leviathan
- March 26, 2014
Woodside boss Peter Coleman did, however, caution that a couple of concerns still needed to be resolved before a final agreement could be reached.
“We reach a milestone this month on the commercial negotiations, so we remain hopeful,” he said, according to the AFR.
“We have some remaining issues that we have to close over the next few days.”
Woodside first announced a non-binding agreement to claim 30 per cent of the Leviathan project in December 2012 for about $3 billion, but this was revised earlier this year to a 25 per cent stake for up to $2.85bn.
An initial delay to confirmation of a deal was due to worries about Israel’s gas export policy, while the latest fears have largely centred on tax arrangements in the Middle Eastern nation.
Link to source: http://www.theaustralian.com.au/business/latest/woodside-hopeful-on-leviathan/story-e6frg90f-1226864885583
