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Sydney, Australia, Sep 1 (EFE).- Australia issued a veiled warning to Timor-Leste on Thursday about the risks of associating with China in developing the Greater Sunrise oil and gas fields, a project that has been stalled for decades. “We know that economic resilience can be affected, can be constrained by unsustainable debt burdens or lenders …
The Foreign Minister will visit East Timor and encourage its leaders to resolve a stand-off with Australian energy giant Woodside over a gas project.
Penny Wong’s first visit to Timor as foreign minister comes as President Jose Ramos-Horta plans his own trip to Australia to meet PM Anthony Albanese.
The Minister for Petroleum has told Woodside and the Albanese government that fuel from the project must be piped to Dili and that other countries are circling.
Unless the project that’s been in the pipeline for 20 years and is potentially worth $20 billion is producing LNG before the end of this decade, East Timor faces bankruptcy.