Israel Gas Riddle Has Woodside, Gazprom Hanging: Israel Markets - Bloomberg:
"Israel’s sputtering preparations for exporting offshore natural gas have postponed drilling and threaten a $2.3 billion investment from Australia’s Woodside Petroleum Ltd. (WPL)
Perth-based Woodside said it’s examining other options in case details of drilling at Israel’s Leviathan gas field aren’t settled in the first half of 2014. After taking two years to decide how much gas to export, the Israeli government hasn’t signed off on details such as where to build refineries. Partners are still discussing how to transport the fuel.
“It needs to be a compelling value case, given the amount of investment that would be involved and the significance of the decision,” Woodside’s Chief Executive OfficerPeter Coleman told analysts and reporters on a Dec. 10 call. Shares in the drilling partners sank in response."
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