has someone had their **** kicked?20 Sep 2023 11:18
Looks like GS negotiations have been brought forward to next month, from June 24....
MINISTRY OF PETROLEUM AND MINERAL RESOURCES, FRANCISCO DA COSTA MONTEIRO, DISCUSSES FUTURE OF GREATER SUNRISE PROJECT WITH HON STEVE BRACKS, AUSTRALIA'S SPECIAL REPRESENTATIVE
September 19, 2023
His Excellency Francisco da Costa Monteiro, Minister for Petroleum and Mineral Resources of Timor-Leste, engaged in a productive meeting with Hon Steve Bracks, the Australian Government's Special Representative for the Greater Sunrise project. This pivotal meeting not only served to strengthen the diplomatic and economic relations between Timor-Leste and Australia but also provided a focused platform for discussing the forward momentum of the Greater Sunrise project.
Hon Steve Bracks praised Minister Monteiro, stating, "Very productive meeting with the Minister; this Minister is a breath of fresh air. He is going to be such a great benefit to the people of Timor-Leste." The Australian Government recognizes the immense importance of the Greater Sunrise project for the people of Timor-Leste and is keen on expedited procedures to get the project up and running as soon as possible.
During the meeting, Minister Monteiro outlined that discussions focused mainly on the Greater Sunrise initiative, with plans to resume negotiations in October. Three key documents are essential for progress, finalizing the Petroleum Minding Code (PMC), Tax regime and the Production Sharing Contract (PSC), to this will be obtain through the support from both the Australian and Timor-Leste governments as well as TIMOR GAP, the National Oil Company of Timor-Leste, to conclude these agreements.
The Minister also touched upon the importance of the Select Concept Study, an assessment necessary for building trust and ensuring transparency among all involved parties, encouraging open discussions of all options and responsibilities to come to a conclusion and solution for the development of the Greater Sunrise project. The Minister is of the view that Timor-Leste would most benefit from developing the downstream sector via a pipeline and LNG plant in the country. Further discussions on this matter are planned with Hon Steve Bracks, the Australian Government's representative, along with Woodside and the joint venture partners.
The Minister of Petroleum and Mineral Resources is optimistic that this productive dialogue will serve as a foundation for future collaboration between Timor-Leste and Australia, leading to the successful implementation of the Greater Sunrise project for the benefit of both nations, in particularly to the people of Timor-Leste.
END
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