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Woodside Scraps $2.6 Billion Israeli Gas Deal as Talks Fail

Extract from a BloombergBusinessweek article by James Paton published 20 May 2014

Woodside Petroleum Ltd. (WPL), Australia’s second-biggest oil and gas producer, scrapped an agreement to buy a quarter of Israel’s largest natural gas field for as much as $2.6 billion after talks to complete the deal collapsed.

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