Japan wants it....17 Oct 2023 06:29
Minister Agio meets with partner company in the Greater Sunrise development consortium
The Minister of the Presidency of the Council of Ministers, Agio Pereira, received today, October 17, 2023, a delegation from Osaka Gas Australia Pty Ltd (“OGA”), led by its Deputy Director, Tetsuro Takebata, at the Government Palace , in Dili.
Osaka Gas Australia is a company in the energy sector, with significant investments in oil and gas projects, which is part of the Greater Sunrise Field Development Consortium (Sunrise Joint Venture) with a 10% stake, together with TIMOR GAP , with a 56.6% stake, and Woodside Energy, with a 33.44% stake.
During the meeting, the Governor and representatives from Osaka Gas Australia discussed the feasibility studies relating to the development of Greater Sunrise, as well as the negotiation process with Australia regarding the resource development concept.
Minister Agio Pereira shared the vision of the IX Constitutional Government for the exploration of Greater Sunrise resources, reaffirming the Government's commitment to bringing the gas pipeline to Timor-Leste and establishing a development hub on the South Coast, centered on oil and gas activities Natural.
The discussion also addressed the significant reforms in the oil and minerals sector, led by the IX Government, since the beginning of the mandate, including the restructuring of TIMOR GAP, E.P., to align it with best international practices, increase transparency and credibility and ensure greater efficiency in the oil sector. Also in this context, the Government reorganized the National Petroleum Authority, focusing it exclusively on the oil and gas sector, created the National Minerals Authority to regulate the mineral resources sector and promoted the updating of the Petroleum and Geology Institute to boost research in geosciences and geotechnology.
The permanent maritime boundary agreement between Timor-Leste and Australia determines that Greater Sunrise, a shared resource, located 150 kilometers from Timor-Leste and 450 kilometers from Darwin, will have to be divided, with 70% of the revenue going to Timor -East in the case of a gas pipeline to the country, or 80% if processing is in Darwin.
url: http://timor-leste.gov.tl?lang=pt&p=34714
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