Woodside’s Leviathan Deal Threatens Gazprom Dominance

Dec. 03, 2012 08:51AM PST

Reuters reported that Woodside Energy’s recent deal to buy a 30 percent stake in the Israeli Leviathan gas field could mean trouble for Gazprom’s plan to dominate Europe’s gas supply and increase its presence in the LNG market.

Reuters reported that Woodside Energy’s recent deal to buy a 30 percent stake in the Israeli Leviathan gas field could mean trouble for Gazprom’s plan to dominate Europe’s gas supply.

As quoted in the market report:

Gazprom (GAZP.MM), Russia’s gas export monopoly, which supplies around a third of Europe’s natural gas demand, had also bid for the project, which is expected to eventually export LNG to Europe and Asia. Other bidders included France’s Total (TOTF.PA) and China’s National Offshore Oil Corporation (0883.HK), sources said.

To view the whole Reuters report, click here.