Woodside's Leviathan entry delayed

Energy giant baulks at draft rules for taxing exports, delaying $2.85bn deal.

The long-awaited entry of Woodside Petroleum into the mammoth Leviathan offshore gas project in Israel appears to have been delayed once again.

The oil exploration company first announced a conditional purchase of 30% of the mammoth project in December 2012 before agreeing a revised Memorandum of Understanding last month, which saw the deal adjusted to a 25% stake for about $2.85 billion.

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