Woodside Awaits Israel Court Decision Before Completing Gas Deal
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Woodside Petroleum Ltd., Australia’s second-biggest oil producer, is waiting for an Israeli court decision later this year before completing a deal to invest in the Leviathan natural gas project.
Israeli’s high court is expected Sept. 17 to consider whether the cabinet’s gas export plan, which affects the Leviathan project, needs to be approved by the parliament, Woodside Chief Executive Officer Peter Coleman told analysts today on a call. A court decision after the hearing is expected in the second half of 2013, he said.