politics Timor-Leste
Timor-Leste expects Greater Sunrise agreements early next year
33.33%
Woodside Energy owns one-third of the Greater Sunrise project.
President José Ramos-Horta said Timor-Leste expects to sign three regulatory and fiscal agreements for the Greater Sunrise gas project within months. Analysts and industry sources said a commercial development agreement and final investment decision remain uncertain.
1 sourceabc.net.auUpdated
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AllegedJosé Ramos-Horta said Timor-Leste would sign the first Greater Sunrise agreements within the next few months.
“within the next few months they will sign the agreement”
The planned agreements comprise a Petroleum Mining Code, Production Sharing Contract and fiscal regime.
“the Petroleum Mining Code, Production Sharing Contract and fiscal regime”
- 33.33%
Woodside Energy owns one-third of the Greater Sunrise project.
“One-third of the Greater Sunrise project is owned by Australia's Woodside.”