22 October 12 15:18–”Natural gas is a strategic asset for the future of the Israeli economy, Prime Minister Benjamin Netanyahu told Australia’s Woodside Petroleum Ltd. (ASX: WPL) CEO Peter Coleman at a meeting today. Minister of Energy and Water Uzi Landau was also present at the meeting.
Earlier today, Coleman, two Woodside executives and Australia’s Ambassador to Israel met Deputy Foreign Minister Danny Ayalon, a day after “Globes” reported that the company was bidding to become a partner in the Leviathan natural gas field. The executives said that best liquefied natural gas (LNG) export market is Asia, not Europe, where there is strong competition.
A political source said that Woodside gave a very professional impression. The parties discussed in general about oil, which may be found in Leviathan’s deeper strata below the gas-bearing strata. The Leviathan partners – Noble Energy Inc. (NYSE: NBL), Delek Group Ltd. (TASE: DLEKG), and Ratio Oil Exploration (1992) LP (TASE:RATI.L) – are due to drill an exploratory well to the oil-bearing strata in the first quarter of 2013.
Woodside is apparently trying to raise its chances of becoming a partner in Leviathan, the largest deepwater natural gas discovery of the past ten years. For the Israeli government, the meeting’s purpose is to improve Israeli-Australian relations…Read More>>