--- title: "East Timor favours Australia over Chinese firms on major gas project, president says" description: "East Timor's President Jose Ramos-Horta has expressed a preference for collaborating with Australia and its partners, Woodside Energy and Osaka Gas, on the stalled Greater Sunrise natural gas project," type: "news" locale: "en" url: "https://longbridge.com/en/news/227147807.md" published_at: "2025-02-05T03:10:49.000Z" --- # East Timor favours Australia over Chinese firms on major gas project, president says > East Timor's President Jose Ramos-Horta has expressed a preference for collaborating with Australia and its partners, Woodside Energy and Osaka Gas, on the stalled Greater Sunrise natural gas project, rather than with Chinese firms. He emphasized the importance of this project for East Timor's economic growth and indicated that the government is open to other investors but remains committed to existing partnerships. The development of the field, which has significant gas reserves, is crucial for the country's revenue and is expected to be finalized before upcoming Australian elections. Additionally, East Timor aims to join ASEAN this year and is exploring onshore gas and gold mining opportunities. Key points: - Stalled Greater Sunrise key for boosting East Timor revenue - Woodside says talks on processing options ongoing, no final decision made - East Timor president expects nation to join ASEAN this year - Country has issued gold mining licences, exploring onshore gas East Timor would prefer to work with Australia and partners Woodside Energy and Japan's Osaka Gas over Chinese firms that have expressed interest in developing the stalled Greater Sunrise natural gas field, its president said. The comments by President Jose Ramos-Horta in an interview with Reuters mark the first time he has publicly expressed a preference to develop the field with Australia and existing partners since he suggested doing so with new ones such as China and Kuwait last year. The prospect of developing Greater Sunrise, which has 5.1 trillion cubic feet of gas reserves, with new partners had raised concerns in Australia about growing Chinese power and influence in the Pacific region. Ramos-Horta said East Timor has been stalling approaches from Chinese companies including state-owned Sinopec as well as Kuwaiti firms to develop the field, as it is committed to its Australian partners. "If anything, it is our side that has been holding off," Ramos-Horta said in an interview on Sunday during a commercial flight from Dili to Indonesia's Bali. State-owned Timor Gap owns a 56.6% stake in the field located about 140 km (87 miles) south of East Timor, while Australia's Woodside owns 33.4% and Osaka Gas holds 10%. The multi-billion dollar development of the field, whose revenues were estimated at $65 billion in 2018, has been stalled for decades amid disagreements with Australia and operator Woodside. It is vital to the economic growth of Southeast Asia's poorest nation, also known as Timor-Leste, which gained independence from Indonesia in 2002. "Our government is open to listening to other investors. But in transparency with the existing joint venture, until the last minute, we say we want to work with Australia," he said. Ramos-Horta said Woodside's CEO had told him and the country's prime minister in private meetings that developing a liquefied natural gas plant in East Timor was a viable option, but added that Woodside and Osaka Gas were still pushing to pipe the gas to an existing LNG hub in Darwin, Australia. "All evidence acknowledges that the Timor option is a viable one, not more expensive than the pipeline to Darwin," Ramos-Horta said, referring to findings of a report by British engineering and consultancy firm Wood hired by the Sunrise joint venture as proof of the viability. The report has yet to be made public. Woodside said in a statement on Wednesday that the report did not make a recommendation, but it contained multiple considerations for each option including financing, technical and regulatory approvals. "At present, Woodside remains in discussion with the Sunrise Joint Venture participants about the outcome of the study and next steps," the company told Reuters, adding the participants remained in talks with the governments of Australia and East Timor. Osaka Gas and Sinopec declined to comment, while the office of Australia's Resources Minister Madeleine King did not respond to requests for comment. Ramos-Horta said a Kuwaiti private fund had visited Dili five times, expressing interest in underwriting the entire investment in the pipeline to East Timor required if the LNG plant is built there. "We have no problems in financing an LNG plant in Timor-Leste ourselves. We have money," he said. Ramos-Horta said it was crucial that the Greater Sunrise agreement be signed before Australian federal elections in the first half of this year to prevent further delays, but said a meeting between the two countries had not been scheduled. "Three years into the office of the current prime minister, if they have not made a decision, have not yet signed the agreement to bring the pipeline to Timor-Leste, then I wonder, what the real commitment of the government of Australia to Timor-Leste is," he said. Separately, Ramos-Horta said he expected East Timor to become a member of regional grouping Association of Southeast Asian Nations (ASEAN) this year. East Timor has also issued rights to mine gold to joint ventures between Timorese companies and Australian miners, and started exploring onshore natural gas in central and eastern Timor, he said. ### Related Stocks - [WDS.US - Woodside Energy](https://longbridge.com/en/quote/WDS.US.md) - [WPL.AU - Woodside Petroleum Ltd](https://longbridge.com/en/quote/WPL.AU.md) - [EAST.US - Eastside Distilling](https://longbridge.com/en/quote/EAST.US.md) - [ING.US - ING Groep](https://longbridge.com/en/quote/ING.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | 宇樹人形機器人搭載禾賽激光雷達 春晚效應推升股價 | 宇樹科技的兩款人形機器人在央視春晚表演中搭載禾賽 JT128 雷射雷達,展現出高水平的協同動作。受此影響,禾賽(HSAI)股價在美股市場上漲,週二最高達到 28.21 美元,收盤時為 26.77 美元,漲幅近 4%。禾賽 JT 系列雷射雷達 | [Link](https://longbridge.com/en/news/276198028.md) | | 川普稱將訪委內瑞拉 但時間未定 | (法新社華盛頓 13 日電)美國總統川普今天表示,他計劃訪問委內瑞拉,並重申滿意委國臨時總統表現。川普今天告訴媒體「我將訪問委內瑞拉」,但目前尚未決定時間。美軍 1 月抓捕時任委內瑞拉總統馬杜洛(Nicolas Maduro)後,由原副總統 | [Link](https://longbridge.com/en/news/275981379.md) | | 貝森特和沃什的 “導師”,德魯肯米勒 Q4“精準” 開倉金融股 ETF、標普等權重 ETF 和巴西 ETF | 科技股方面,德魯肯米勒 Q4 清倉了 Meta,加倉了谷歌與 Sea。德魯肯米勒與貝森特、沃什的 “師徒” 關係讓市場推測,“德魯肯米勒經濟學”——即反赤字、反通脹、反關税——可能通過貝森特和沃什滲透至政策制定中。 | [Link](https://longbridge.com/en/news/276214511.md) | | “做多能源 + 做空可選消費” –當下火遍華爾街的 “配對交易組合” | 科技股主導地位動搖,能源股因油價反彈和 AI 發展的巨大能耗需求而表現強勁;分析認為做空可選消費是因為零售數據疲軟、企業盈利預期差引發對消費者健康狀況的擔憂,且相比直接做空具有顛覆能力的科技股,做空該板塊風險更可控。 | [Link](https://longbridge.com/en/news/276087906.md) | | 木頭姐:這輪市場波動是算法導致,而非基本面 | 木頭姐凱茜·伍德稱,近期市場急漲急跌 “多由算法交易製造”,程序化減倉與技術面交易容易形成連鎖踩踏,導致 “先賣再問” 的非理性波動,而賣出的人很可能要後悔。她強調 AI 是畢生最大機遇,當前市場處於類似 1996 年的早期階段,科技巨頭激 | [Link](https://longbridge.com/en/news/276045627.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.