Woodside Petroleum Buys 30% of Leviathan Gas Field in Israel for $1.3B

By International Business Times,  December 03, 2012, 05:53:19 PM EDT

Woodside Petroleum announced on Monday that it is committed to buy a 30 per cent stake in the Leviathan offshore gas field for $1.3 billion. It would be Australia's largest foreign direct investment into Israel.

While the gas field is run by Noble Energy, a U.S. company, the Woodside deal would result in the operation of a liquefied natural gas ( LNG ) plant to be built as the field is developed, although it is also open to a floating plant.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: LNG



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