RE: Nice chunky buys9 Dec 2022 11:49
Fish. Thanks for that. Full article. Contradicting what he said yesterday. It’s exasperating.
Timor-Leste President Jose Ramos-Horta said that Australia has shown no signs moving forward with a long-stalled gas pipeline project that runs through the Southeast Asian country, leaving around $100 billion in potential revenue untapped.
Ramos-Horta, 72, said it was in Canberra’s interest to partner up on the project to develop a gas field in the Timor Sea rather than settle on an alternative under consideration that would go through Darwin.
Prime Minister Anthony Albanese has not said a word whether he agrees or not with the pipeline coming to Timor-Leste,” Ramos-Horta told Bloomberg News in an interview in Singapore on Friday. “He’s very sympathetic, but so far in regard to the development of the gas field called Greater Sunrise, we have not seen any change of attitude on the part of Australia.”
The island nation has been requesting assistance from Australian companies to help build a gas pipeline and export plant to tap a large offshore LNG reserve, known as Greater Sunrise, though logistical complications have delayed the project.
The gas fields are located approximately 280 miles northwest of Darwin in Australia and 93 miles south of Timor-Leste. Ramos-Horta estimated the overall revenue from the pipeline was expected to be around $100 billion over time, well beyond his country’s $2 billion GDP. Timor-Leste is a developing, Southeast Asian country of 1.3 million people which gained independence in 2002.
China Ties
In August, Timor-Leste warned it would consider working with China if Australia didn’t move quickly to assist with its development. There have been growing concerns in Canberra about China’s relations with Australia’s neighbors ever since the Solomon Islands signed a security agreement with Beijing in April.
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