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EAST TIMOR WANTS TO PROCESS GREATER SUNRISE GAS ONSHORE.

AsiaPulse News

| March 01, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

JAKARTA, Feb 28 Asia Pulse - East Timor is continuing to push for the gas from the lucrative Greater Sunrise gas field to be processed onshore in the country.

Australia and East Timor last week finally settled their arrangements over the multi-billion dollar gas field and their related seabed boundary agreement after years of negotiations.

It followed ratification of the two agreements by East Timor's parliament last week, which carve up billions of dollars in Timor Sea oil and gas between the two countries.

However, the location of a proposed liquefied natural gas processing plant for the Greater Sunrise field is yet to be decided, with East Timor and northern Australia both eager to win the project.

East Timor's Prime Minister Dr Jose Ramos-Horta today vowed to explore all possible avenues for the country to gain full benefits from the future development of the massive gas field.

He has asked ...

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