Woodside, East Timor in Talks for Onshore Plant for Sunrise LNG



Reuters

TOKYO, Nov 6 (Reuters) - Australia's Woodside Petroleum and its partners are in talks with the East Timor government about potentially building an onshore liquefied natural gas plant in the country for the long stalled Greater Sunrise Project, Chief Executive Peter Coleman said on Thursday.

His comment, in an interview with Reuters, was the first public confirmation that the Greater Sunrise partners are not completely wedded to building a floating LNG plant, which has long been their preferred option for the stalled project and which has been steadfastly opposed by the East Timor government.

"We have been in discussions with the Timorese around different development concepts, both floating and onshore," Coleman told Reuters on the sidelines of an LNG conference.

East Timor, one of the world's poorest nations, has long pressed for an onshore plant for the Timor Sea gas project that remains undeveloped 40 years after the Greater Sunrise gas fields were discovered, one of several issues blocking progress.

It is also locked in a long-running dispute with wealthy neighbour Australia over revenue-sharing as well as how best to develop the gas fields, located 150 km (90 miles) southeast of East Timor, also known as Timor Leste, and 450 km (280 miles) northwest of Darwin, Australia.

The fields are estimated to be contain more than 5 trillion cubic feet of gas and 226 million barrels of condensates, worth tens of billions of dollars.

The governments recently agreed to adjourn an international arbitration over the dispute for at least six months to try to resolve their differences directly. The dispute stems from East Timor's allegations that Australia used underhand tactics, including bugging government offices in the capital Dili, during the treaty negotiations.


123

View Full Article

WHAT DO YOU THINK?


Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

RELATED COMPANIES