Australia and Timor-Leste call for the Greater Sunrise offshore gas project to be developed as soon as possible, the two countries said in a joint declaration on Wednesday, as Australia looks to boost its domestic gas supply.
The Greater Sunrise fields, operated by Australia’s Woodside Energy, are located north-west of Darwin, Australia, but are closer to the south of Timor-Leste.
In today’s declaration of a new partnership for a new era, Australia committed to transferring at least a third of Australia’s revenue from the project to Timor-Leste via an Infrastructure Fund it would establish.
Woodside will carry out commercial and technical maturation activities for a greenfield Timor-based approximately 5 million tonne per annum LNG concept with a domestic gas facility and a helium extraction plant.
See also: Joint declaration on establishing a Parseria Foun Ba Era Foun (New Partnership for a New Era) between the Government of the Democratic Republic of Timor-Leste and the Government of Australia