Page 11 - AsianOil Week 06 2023

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Woodside partners commit to fast-

track Greater Sunrise planning

EAST TIMOR WOODSIDE Energy Group and its partners reaching depletion.
this week made a commitment to accelerate The group’s studies will consider which
The Greater Sunrise planning for the Greater Sunrise natural gas option provides the greatest benefit for the
joint venture comprises project, and include potential benefits for East people of Timor-Leste, it said in a statement.
majority owner Timor Timor. Woodside CEO Meg O’Neill stressed that the
Gas, operator Woodside The Greater Sunrise joint venture comprises partners would look at new technologies such
and the Australian majority owner Timor Gas, operator Woodside as modular LNG, which was not available when
division of Japan’s and the Australian division of Japan’s Osaka Gas. they previously decided that the best option
Osaka Gas. The group said they would push ahead "expedi- would be to flow the gas to Darwin.
tiously" with a programme to choose where to East Timor President Jose Ramos-Horta last
send gas from the fields for processing. year urged Australia’s government to support the
The Greater Sunrise project, comprising development of a pipeline from Greater Sunrise
145bn cubic metres of gas, has been held up for to East Timor, estimating that this would earn
decades because of a dispute over whether its the island nation $50bn in revenue and $50bn in
supply should be used at an LNG export termi- development benefits.
nal in Australia or East Timor, or at a floating “This path forward is a significant com-
LNG (FLNG) platform in the Timor Sea. mitment to our stakeholders, to the aspira-
The consortium did not state a deadline tions of those who made sacrifices to achieve
for when the best option for the development independence for the Democratic Republic of
would be chosen. But they did say they would Timor-Leste, and to the future of our people and
complete a concept selection quickly to unlock Timor-Leste. It offers a clearer path to prosper-
benefits from the fields sooner. They will take ity, equality, peace, stability, and sustainability for
into account global energy security issues and current and future generations,” Timor Gas CEO
East Timor’s development for the first time, and Antonio de Sousa commented.
not only capital and operating expenditure. East Timor Gas owns 56.56% of the project,
Timor is facing pressure as its main source of Woodside has 33.44% stake, and Osaka Gas
hydrocarbon revenue, the Bayu Undan field, is Australia owns the remaining 10%. ™

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