Australian LNG leader Woodside Petroleum has scaled back its long-awaited proposal to buy into Noble Energy's giant Leviathan gas development offshore Israel. A new non-binding MOU replacing the December 2012 "agreement in principle" calls for Woodside to acquire a 25% stake for $1.2 billion, vs. a previously agreed-upon 30% WI for $1.3 billion. Under the new terms Woodside will pay more up front ($850 million vs. $696 million initially) and the cap on additional......
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