DataRoom AM: Woodside's gas lag

Woodside's Leviathan plans remain in the balance, while Lion Nathan may be seeking a joint venture with Parmalat.

Woodside Petroleum has cast a further degree of doubt over its plans to claim a stake in the massive Leviathan gas project in Israel. There is a lot to weigh up for the Australian group given a project timeline has yet to be finalised, local regulation risks remain and the development is forecast to cost $8 billion. However, the size of the project provides the potential for a big return.

Elsewhere, Lion Nathan is seen working on an Australian deal with Parmalat, Recall Holdings receives plenty of investor support on its first day of trade and BHP Billiton outlines joint venture hopes for the massive Jansen potash project.


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