East Timor ready to buy Sunrise stake to keep it onshore

The Timorese government has offered to buy Woodside Energy’s stake in the Greater Sunrise fields to make sure an LNG plant is built onshore.

Approximately 20% of the Greater Sunrise fields lie in a joint development area between East Timor and Australia. Approximately 20% of the Greater Sunrise fields lie in a joint development area between East Timor and Australia.

The Timorese government has offered to buy Woodside Energy’s stake in the Greater Sunrise fields to make sure an LNG plant is built onshore.