Connect with us

Hi, what are you looking for?

Jewish Business News


Globes: Australia’s Woodside Set to Sign $3 Billion Leviathan Deal


Sources inform “Globes” that the huge deal whereby Australia’s Woodside is to buy 30% of the rights in the Leviathan gas field offshore from Israel will be signed this week. The deal is expected to be signed during a visit by senior managers of Delek Group Ltd.(TASE: DLEKG), Ratio Oil Exploration (1992) LP (TASE:RATI.L) and Noble Energy to Australia. The group left Israel Saturday night.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Under the original terms of the deal agreed in December, Woodside was to have paid just $2.5 billion.

One of the matters still delaying the final signing of the deal is the question of taxation. There remains a gap between the position of the Israel Tax Authority, which seeks to collect capital gains tax on the deal as soon as it is signed, and the position of the Leviathan partners, which seek a deferment of the tax payment, on the grounds that the entire consideration for the sale of the rights will be invested in developing the reserve.

There will apparently have to be further discussions on the subject between the Leviathan partners and Woodside, and the Tax Authority.

A number of other matters remain open, but the deal should be signed next week.

Published by Globes [online], Israel business news – 




You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.