Offshore Natural Gas Sale to Jordan Triggers Tax-avoidance Concerns

Noble Energy and Jordan recently signed a nonbinding agreement for the sale of 8.5% of Leviathan’s gas over the course of 15 years, for as much as $15 billion.

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The preliminary deal for the sale of gas to Jordan from the Leviathan offshore reserve calls for a subsidiary to sell the gas, not the Leviathan partners themselves. The Leviathan representatives say this is...