Timor Leste’s president Jose Ramos Horta has expressed concerns over the four-year stalling of a plan to split oil royalties from the Greater Sunrise Field with Australia…… DILI, March 4 (Reuters) – East Timor is optimistic that an LNG plant worth up to billion could be located in the tiny nation, based on the early findings of a new study on a pipeline to the Greater Sunrise gas field, the energy minister said on Wednesday. East Timor, regarded as Asias poorest country, has been pushing to have the liquefied natural gas export terminal built on its shores to boost its local economy. But last year, Woodside Petroleum Ltd (WPL.AX), Australias second-largest oil and gas producer, ruled out building the plant in East Timor to process gas from the field in the Timor Sea, arguing a pipeline would be too expensive and risky to build. The study also involves Malaysias state-owned oil firm Petronas. We are still waiting for the next phase of the survey but the first phase encourages the government and Petronas to start discussing how to finance the LNG project, energy minister Alfredo Pires told Reuters after a meeting with Hassan Marican, head of Petronas, and Prime Minister Xanana Gusmao….. www.lngpedia.com Subject: East Timor to block proposed oil development plan from Australia’s Woodside also East Timor ‘Required’ to Develop Sunrise LNG Project East Timor to block proposed oil development plan from Australia’s Woodside – JAKARTA, Jan 13 (AP) – East Timor’s …
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