Australia is offering Timor-Leste a multi-billion-dollar lifeline to fast-track the Greater Sunrise offshore gas project, which promises generational wealth for the fledgling nation while keeping Beijing at bay.AP
“It shows the determination of the Australian government to get this project up because we believe it’s in the best interests of Timor-Leste and its people for this project to proceed,” Bracks said.Australian government negotiator Steve Bracks“We don’t want to push them to the extent that they need to even think of going to China.”But the unresolved issue is where gas from the Greater Sunrise reserve would be piped and processed.
“We don’t want a pipeline for the sake of a pipeline,” Timorese president Jose Ramos-Horta told this masthead. Ramos-Horta said he believed that compared to the “stratospheric” cost of Australian labour and tax imposts, the Timor option would be no more expensive.
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