Member Info for CDF1

Dulyred -

Anything that that is involving STEVE BRACKS is always a HUGE positive at this stage :-)))

Once we get the election out of the way (21.05) and then the concept select completed I can see this really starting to move and quickly.

ATB

https://www.facebook.com/photo/?fbid=535440795423828&set=a.186167677017810

Text was scrambled like an egg !!

Just read the link instead :-))

https://www.facebook.com/ministeriopetroleoeminerais

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Am sure someone here will post that on Twitteroo :-))

https://www.linkedin.com/posts/timorgap_tetum-english-presidente-activity-7051831315960139776--Hp6?utm_source=share&utm_medium=member_desktop

PRESIDENT & CEO TIMOR GAP MEET WITH HONOURABLE STEVE BRACKS

Dili, 12 April 2023 - Today, President & CEO of TIMOR GAP, Antonio de Sousa, met with the Honourable Steve Bracks, Australia’s Special Representative for the Greater Sunrise project in Dili. Mr. Sousa and Mr. Bracks discussed collaborative efforts to finalize the Production Sharing Contract, Petroleum Mining Code, and the fiscal regime in the coming months to propel the progress on the development of Greater Sunrise to support the socio-economic development of Timor-Leste.

Everest_M87 -

Investors are here for the end game :-)))

The only PPL that will care are traders ..

Green boxed !

https://www.facebook.com/ministeriopetroleoeminerais

The Albanese Labor government recently announced plans to restrict coal and gas projects. In a recent Bloomberg article, it states, “The country’s revised safeguard mechanism, which would compel around 215 of the nation’s most emitting industrial sites to cut greenhouse gas emissions by about 4.9% a year by 2030, will now be backed by the minor opposition Australian Greens and is likely to pass through Parliament before coming into operation from July”.
This new policy enhances TIMOR GAP’s position that Greater Sunrise gas should be delivered to Timor-Leste’s southern coast, which would have transformational impacts for our socio-economic development, prosperity, and regional security. Learn more: https://www.bloomberg.com/.../plan-to-curb-coal-gas...

https://www.linkedin.com/posts/teodoro-marcos-mota_today-i-am-with-our-amazing-fund-sponsors-activity-7051789498489196545-KNbV?utm_source=share&utm_medium=member_desktop

Today, I am with our amazing fund sponsors for SPE student chapters in Timor-Leste, Andy Butler, Managing Director at SundaGas. It's great to be able to speak with and receive amazing feedback from such an experienced oil and gas professional (April 12, 2023).

https://www.linkedin.com/posts/timorgap_financial-review-business-finance-and-activity-7051723555255840768-s7xt?utm_source=share&utm_medium=member_desktop

The Australian Parliament’s Labor and Greens gas deal could be a win for the Greater Sunrise project. AFR states in their latest article, “Labor-Greens deal requiring new gas projects to be net zero plus a raft of regulatory interventions will make it harder for Woodside to pipe gas from the Timor Sea to Darwin and bolsters Dili’s case to host the potential mega project”.

This will bring us one step closer in helping to advance Timor-Leste’s socio-economic prosperity and bring regional security. Read more about how this new agreement tips the scales in favor of our nation: Labor-Greens gas deal tips scales to East Timor on Sunrise project (afr.com)

When it comes to long-term development, oil continues to dominate the country’s long-term vision and dream. One example of that is how the development of Greater Sunrise [3], an oil and gas project between Timor and Australia, is being presented to the public. The development of Greater Sunrise is also so attractive to the media and makes headlines in the news. Looking at the way this project is discussed and presented, or the way the media frames the issues, there is an expectation that the development of Greater Sunrise will provide a ‘magic solution’ to multi-faceted development issues that Timor-Leste is facing. This makes the development of Greater Sunrise become the determinant issue in the upcoming election.

https://th.boell.org/en/2023/03/30/quest-change-timor-politics?fbclid=IwAR0f7UrT31J_NFvYkzzSbtAV9Dlz2DVUvn413U5A00-6o-zhqQa7nqgaE-g

https://www.linkedin.com/posts/guteriano-neves-15a416148_in-quest-for-change-in-timors-politics-activity-7047115893851492352-uSwH?utm_source=share&utm_medium=member_desktop

https://www.linkedin.com/posts/jacques-alves-9ba3a8217_article-on-martial-and-ritual-arts-and-political-ugcPost-7049732273209802752-YLBb?utm_source=share&utm_medium=member_desktop

As Timor-Leste ???? now entering into the Parliamentary Elections. The phenomenona happening in Timor-Leste ???? several years ago until now that the Martial and Ritual Arts groups play a crucial role in the Political Parties in Timor-Leste ????.

Regarding on that issue, I post my article about MARTIAL AND RITUAL ARTS ON POLITICAL PARTIES ON TIMOR-LESTE ???? published on 17 November 2022 on Diálogos Journal. My article was analysis the link between Martial and Ritual Arts and Political Parties in Timor-Leste ????.

Timorese Fellows build relationships with Australian industry and government leaders.
11 April 2023

Six Timorese fellows visited Australia as part of the Liquified Natural Gas (LNG) Fellowship Program.

As part of the program, fellows were given the opportunity to:

attend LNG site tours in Darwin and the AOG Energy Conference in Perth
build industry and government connections at networking events
further their research project, with support from their Australian industry mentor.
Fellows will present their research to Australian and Timor-Leste Governments and industry representatives in Dili at the end of the fellowship program.

The program is part of the Timor-Leste Australia LNG Partnership with the Timor-Leste National Petroleum and Minerals Authority (ANPM).

The partnership facilitates knowledge sharing and strengthens bilateral trade links between Timor-Leste and Australia.

https://www.industry.gov.au/news/lng-fellowship-program-strengthens-australia-and-timor-leste-partnership

The Albanese Labor government recently announced plans to restrict coal and gas projects. In a recent Bloomberg article, it states, “The country’s revised safeguard mechanism, which would compel around 215 of the nation’s most emitting industrial sites to cut greenhouse gas emissions by about 4.9% a year by 2030, will now be backed by the minor opposition Australian Greens and is likely to pass through Parliament before coming into operation from July”.

This new policy enhances TIMOR GAP’s position that Greater Sunrise gas should be delivered to Timor-Leste’s southern coast, which would have transformational impacts for our socio-economic development, prosperity, and regional security. Learn more: https://lnkd.in/g_M4xSpu

https://www.linkedin.com/posts/timorgap_plan-to-curb-coal-gas-projects-to-seal-australia-activity-7051481044490883072-wNSs?utm_source=share&utm_medium=member_desktop

https://www.dfat.gov.au/geo/timor-leste/australias-maritime-arrangements-with-timor-leste

https://en.wikipedia.org/wiki/2023_East_Timorese_parliamentary_election

All 65 seats in the National Parliament
33 seats needed for a majority
Party Leader Current seats
Fretilin Francisco Guterres 23
CNRT Xanana Gusmão 21
PLP Taur Matan Ruak 8
KHUNTO Armanda Berta dos Santos 5
Democratic Party Mariano Sabino Lopes 5

Ukraine Tailwind

"We don't want to be thankful for what happened [in Ukraine] ... but unfortunately, this is a global dynamic," said Sousa, whose country has experienced more than its share of armed conflict prior to its independence from Indonesia in 2002.

Cormick added that the Ukraine war is a component that helps the operator, Woodside, prioritize the project.

"It's a project that's pretty easy to bring on line in relative terms. It's not a technologically overwhelmingly difficult project," he added, noting that the Ukraine war helped to bring the project to the front burner.

Aussie Environmental Laws

Australia's increasing environmental regulations also favor a turn toward a project in East Timor, although not because East Timor is ignoring environmental issues.

"We come from a [developmental] stage where we do not contribute highly to emissions. So it is not fair to generalize us to other countries," said Sousa. He noted that while East Timor is committed to the environment, socioeconomic development is more of an immediate priority.

Natural gas from Greater Sunrise would be used in part to switch East Timor from more polluting diesel-fired power generation. Sousa also emphasized plans to use ocean wave and solar power as well. "We have sunlight 365 days a year," he noted.

The Greater Sunrise project itself is expected to use the declining Bayu-Undan gas field for carbon storage.

"We have definitely got it in our design criteria to capture the CO2 ... compress it and inject it," said Cormick, noting that the plan "is completely consistent with the Paris accord."

Why Visit Washington?

Cormick noted that the US has a "very important strategic interest" in East Timor, as military submarines often use the ocean trench offshore the island nation.

There is also the issue of loan guarantees. When all the other pieces of the project are in place, the East Timor delegation plans to go back to the US International Development Finance Corp.

"If you don't support the country in developing this as an independent, democratic nation, there is another player out there who's willing to provide the money very quickly," Cormick said.

Michael Sultan, Washington

https://www.bing.com/ck/a?!&&p=3baf4634b8d8ecc6JmltdHM9MTY4MDczOTIwMCZpZ3VpZD0xYmRhYjFjYS05NTczLTY0ZTctMDJkMS1hMzBmOTRiMzY1NjcmaW5zaWQ9NTE2Mw&ptn=3&hsh=3&fclid=1bdab1ca-9573-64e7-02d1-a30f94b36567&psq=greater+sunrise+timor-leste&u=a1aHR0cHM6Ly93d3cuZW5lcmd5aW50ZWwuY29tL2Rvd25sb2FkP2lzc3VlSWQ9MDAwMDAxODctMmY3My1kYjQ4LWFkZjctZWY3M2JlNzMwMDAw&ntb=1

The long-awaited development of the Greater Sunrise gas fields off East Timor's southern coast, which would underpin the country's first LNG export project, is gaining momentum. Everything from the effects of the Ukraine war to Australian environmental laws is now pushing the proposal forward.

"Time is very critical, not only for Timor-Leste (aka East Timor), but in terms of stability of the region," Antonio de Sousa, president and CEO of state energy company Timor Gap, told Energy Intelligence this week in Washington.

The Sunrise and Troubadour gas and condensate fields, known collectively as Greater Sunrise, are located in the Timor Sea and hold around 5.13 trillion cubic feet of contingent gas resources and 225.9 million barrels of condensate.

East Timor has long favored building an onshore liquefaction plant in the country to boost the economy, while its minority partner, Australia's Woodside, had preferred either a floating concept or sending the gas to backfill existing LNG facilities in Australia.

As recently as the middle of last year, the tiny Southeast Asian nation was leaning toward going it alone on the project. But Sousa said the Australian and East Timor governments are now aligned on the project.

Eager to Start

A final investment decision is expected in 2024, but East Timor wants the preliminary steps — requests for proposals, concept design etc. — started as soon as possible as it watches its key Bayu-Undan field wind down production.

Adding to the momentum, Woodside has opened the door to the idea of sending the natural gas to Timor-Leste.

"They haven't shared their internal details except to confirm that they're down to a handful of highest priority projects that they will move forward with. And the executive vice president has said this is a priority project," said Ron Cormick, an industry veteran and senior adviser to Sousa.

Requests for proposals from contractors "will now go out to that short list of globally qualified specialists," which could take three to six months, Cormick said.

Trilateral meetings, featuring the two governments and the joint venture group partners including Timor Gap and Woodside now meet every month rather than quarterly.

"It's hard to say just exactly what the timetable will be on everything. But everybody's pulling from the same end of the rope. That wasn't necessarily the case before," he added.

APRIL 6, 2023
https://asiatimes.com/2023/04/how-nationalism-destroyed-indonesias-oil-and-gas/
Paragraph 16 onwards