Peter Coleman, CEO of Australian LNG heavyweight Woodside, is still hopeful of saving his company’s $2bn-plus deal to take 25% of Israel’s Leviathan, the largest discovered gas field in the East Mediterranean. Mr Coleman, speaking at the Gastech conference in Korea on 24 March, said that Woodside’s plans remain on schedule.

Mr Coleman says he favors the use of floating LNG liquefaction unit (FLNG) to exploit the Leviathan gas, adding that a FLNG could be half the price of an onshore LNG plant. (CONTINUED - 437 WORDS)