East Timor Seeks New Gas Partner
East Timor is seeking a new operator for the Greater Sunrise gas project following Woodside Energy's exit. The country aims to secure first gas production by 2034.
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Timor-Leste will pay $200 million for WOODSIDE ENERGY GROUP LTD's 33% stake in the Greater Natural Gas fields, launching a search for a new operator. The exit ends a decades-long deadlock over whether to pipe the offshore fuel to Australia or domestic shores. The transition aims to deliver first gas by 2034, keeping the multi-billion-dollar project on schedule for Asian buyers.
