Greater Sunrise Gas Project Targets 2029 Investment Decision

© xmentoys / Adobe Stock

The last round of negotiations between East Timor and Australia over the Greater Sunrise gas field were finalized last week and the Southeast Asian nation is hoping to have a final investment decision by 2029, its petroleum minister said on Monday.

A first gas date would be 2034 or 2035, Francisco da Costa Monteiro, East Timor's Minister of Petroleum & Mineral Resources, said at an energy forum in Bangkok.

(Reuters - Reporting by Helen Clark; Writing by Martin Petty)