Published On: Wed, Nov 12th, 2014

Tshuva in Australia for talks with Woodside

Yitzhak Tshuva
The Delek Group controlling shareholder’s meeting with Woodside is not believed to concern the Leviathan gas reserve.

Yitzhak Tshuva, controlling shareholder in Delek Group Ltd. (TASE: DLEKG), and Gideon Tadmor, CEO of Delek unit Avner Oil and Gas LP (TASE: AVNR.L), are in Australia and are due to meet the management of Australian gas and oil exploration company Woodside Petroleum (ASX: WPL), as well as managers of other Australian energy companies.

It is believed that the talks with Woodside will not be about resurrecting its plan to invest in Israeli gas reserve Leviathan, and they have been described as being “for general purposes” only. Woodside had been due to buy 25% of the rights in Leviathan for $2.71 billion, but the deal fell through in May this year, amid some acrimony.

Tshuva and Tadmor are now armed with gas contracts with Jordan and Egypt, and have traveled to Australia to examine other possibilities of cooperation in the energy business.

Published by Globes [online], Israel business news – www.globes-online.com

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