Woodside uncertain on Israeli gas

Struggle for control of gas reserves has delayed Woodside's proposed deal.

A struggle for control over Israel's gas resources has delayed Woodside Petroleum's (WPL) proposed acquisition of a 30 per cent stake in the Leviathan field, The Australian Financial Review reports.

According to the newspaper, the $US1.3 billion ($A1.39 billion) deal is yet to be completed almost a year after its announcement as debate continues over how much gas Israel should keep for local use and how much it is worth.

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