HOUSTON: The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export. Production at the new field could start around 2030, Antonio De So
HOUSTON: The head of East Timor's national oil company said he expects a decision by November on whether to pipe natural gas from its offshore Greater Sunrise project to the Southeast Asia island or to Australia for liquefaction and export.
The projected multi-billion-dollar Greater Sunrise development on the maritime boundary between East Timor and Australia has been stalled for decades amid disputes over where the gas should be processed into liquefied natural gas . A study to evaluate processing and selling the gas in East Timor, called Timor-Leste, versus Australia and the costs of each location requires the approval of a designated authority representing the interests of both countries.
The development of the Greater Sunrise field is critical to the Southeast Asia island nation's economy as its main source of revenue - the Bayu Undan oil and gas field - stopped producing gas earlier this year.