Timor-Leste & Woodside: New LNG Deal

Timor-Leste and Woodside Energy sign a cooperation agreement for the Greater Sunrise gas fields, marking a significant step towards a local LNG development model. The plan involves a new LNG facility producing five million tons annually, with studies and talks ongoing to finalize details. The first LNG could flow between 2032-2035, with Timor-Leste emphasizing the economic and strategic benefits of an onshore facility. Woodsides CEO acknowledges remaining issues to resolve, signaling a more positive relationship and clearer path forward for the project.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.