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by News Editor
Natural gas from Israel's Tamar field began flowing to customers in 2013. Photo: Screenshot / Youtube.
Reuters – Australia’s Woodside Petroleum Ltd has delayed signing a landmark agreement to take up to a $2.7 billion stake in Israel’s Leviathan gas field, but said on Friday it was in talks to overcome remaining issues.
The agreement was supposed to be signed on March 27, however sources have said Woodside was balking at a push by the Israeli government to cut the potential share of profits Woodside could take on liquefied natural gas (LNG) exports to Asia.
