Greater Sunrise3 Jul 2025 11:19
** Dili, July 3, 2025 (TATOLI)** - The Commission in the National Parliament (PN) responsible for Economic and Development Affairs held an audience with the Minister, of Petroleum and Mineral Resources, Francisco da Costa Monteiro, to provide updates on the progress of negotiations regarding Greater Sunrise and activities along the southern coast, including the Tasi-Mane Project. " Negotiations are ongoing but have recently slowed down due to Australias elections. Once a government is formed, the process has decelerated.
However, in recent weeks, we have resumed intensive communications. We have established a mutual commitment to intensify meetings for negotiations with the goal of concluding them within this year, based on a unified concept for the development of Greater Sunrise," the minister stated during his remarks at the National Parliament today. The minister emphasized that Timor-Leste s preparations are progressing robustly. However, he noted that additional studies or discussion still need to be conducted with the stakeholders involved in Greater Sunrise, such as Woodside, Osaka Gas, and Timor Gap. " Internally, Timor-Leste, continues advancing significant work in preparation, for what we call the integrated downstream development on the South Coast," the report states. In the context of the Tasi-Mane Project, which is currently, conducting public tenders for the Suai Supply Base and the highway connecting Zumalai to Natarbora, the minister, explained that the team is currently, carrying out extensive work and independent studies. "Once the negotiations are concluded, we will also be ready to move forward with development, he emphasized. According to the government, the goal for this project remains to begin construction between 2027 and 2028, so that by 2032, oil and gas production can start and be sold on the market." The aim is to complete negotiations within this year to open the door for us to carry out the necessary work for construction in 2027. However, as you all know, any negotiation does not depend on just one party. In Timor, we have our...
The timeline and target itself, we present this to negotiate with Australias side and the joint ventures, until finally we accept the concept that we want," he said. President of Commission D, Ricardo Baptista, expressed appreciation for the work of the Ministry of Petroleum, and Mineral Resources (MPRM) and hoped that they would continue to do excellent work, as we all hold on to the hope that oil extraction will benefit Timor-Leste, It was recalled that on May 1, 2025, Minister Francisco Monteiro stated that the National Petroleum Authority, (ANP) informed that Timor Gas and Petroleum had already re-established negotiations on the Greater Sunrise project after Australia had a new prime minister.
Sign In
Follow the stocks
