East Timor and Australia have agreed on the central elements of a permanent maritime boundary in the Timor Sea. The move is part of a conciliation process to settle their territorial dispute, which has stalled development of the Greater Sunrise gas field.
“The parties’ agreement constitutes a package and, in addition to boundaries, addressed the legal status of the Greater Sunrise gas field, the establishment of a special regime for Greater Sunrise, a pathway for the development of the resource, and sharing of the resulting revenue,”...
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