Australia's Woodside Petroleum Ltd has delayed signing a landmark agreement to take up to a $2.7 billion stake in Israel's Leviathan gas field, but said on Friday it was in talks to overcome remaining issues.

The agreement was supposed to be signed on March 27, however Woodside has been unwilling to sign until it is comfortable with the Israeli government's plans for taxing export volumes, an analyst said.

"Discussions continue with the parties and the Israeli government with a view to resolving the remaining issues and executing definitive agreements," Woodside said in a statement to the Australian stock exchange.

Tags: Woodside Petroleum Ltd