| Timor-Leste Petroleum and Mineral Resources Minister Alfredo Pires said its national oil company, Timor Gap, could be used to buy out Woodside or other Sunrise joint venture partners such as Royal Dutch Shell or ConocoPhillips to end the development stalemate.
Pires also said Timor-Leste's $18 billion sovereign wealth fund may be interested in funding the 150km pipeline from the Sunrise gas-condensate fields to an onshore LNG plant. Pires said updated studies commissioned by the government had found the cost of the pipeline would be just $800 million, compared with a $1.8 billion estimate for the 450km link to Darwin...............................................Full Article: Source
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