News Briefs

  3/28/2014, Adar Bet 26, 5774

Leviathan Gas-Field Deal with Australian Firm Cancelled

The nearly three-billion-dollar sale of a fourth of the Leviathan natural-gas field off Israel's Mediterranean coast to Australia's Woodside Petroleum was cancelled, Thursday evening, just before the signing ceremony.

Sources close to the deal say there was a dispute between Woodside and Israeli tax authorities. Woodside management was also deterred by public criticism of details of the deal by the Israeli public.