The Foreign Affairs Minister will visit East Timor and encourage its leaders to resolve a standoff with Australian energy giant Woodside over a gas project.
federal government in 2008 loaned $US500 million to support the development of an LNG project in PNGOne option open to the Australian government on the Sunrise project involving East Timor is tapping into the $2 billion Australian Infrastructure Financing Facility for the Pacific or other financing support from Export Finance Australia.
Supporters of East Timor said powerful green activists in Australia and the high cost of environmental rules and labour, meant it would be very difficult to expand LNG processing facilities in Darwin for the Timor Sea gas. “Australia and Timor-Leste are close neighbours, with a shared history and strong people-to-people links,” Senator Wong said in a statement on Sunday.“As always, my approach will be to listen, and I look forward to discussing how Australia can continue to support Timor-Leste’s economic development.“Australia is committed to working together with both Papua New Guinea and Timor-Leste in the interests of a stable, resilient and prosperous Indo-Pacific.
At the tripartite negotiating table are East Timor’s National Petroleum and Minerals Authority, Australia’s Department of Industry, Science and Resources and Department of Foreign Affairs and Trade, and the project’s energy partners from Woodside, Timor Gap and Osaka Gas.
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