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“The vital path to progressing the Larger Dawn alternative is negotiating a Manufacturing Sharing Contract between the federal government of Australia, the federal government of East Timor, and the Dawn three way partnership, which is led by Woodside as operator,” she advised The Australian Monetary Evaluate.
“And we’ve been speaking to the 2 governments for a time frame on the PSC. I’m very happy that the International Minister is visiting, and I’m cautiously optimistic that that would be the catalyst for having the ability to conclude these PSC discussions.”
As soon as the contract is signed a impasse nonetheless must be damaged over develop the useful resource, with Woodside favouring piping the fuel to an present power hub at Darwin for remedy, whereas Dili desires it piped to its south coast to assist industrial improvement and jobs.
Earlier this month, Mr Ramos-Horta revived a warning that the nation may search an alternate partnership with the Chinese language to develop the fuel subject if Woodside refuses to budge.
Ms O’Neill stated the precedence for Woodside was to get the PSC sorted “and as soon as we’ve got that sorted … the three way partnership can begin working with the 2 governments on what the perfect improvement possibility is”.
“We in fact, want to make sure that any funding we make meets our shareholders’ return expectations,” she stated.
“However we do recognise that each governments have an curiosity within the specifics of the event plan and we’ll progress these conversations in the end, however vital path for us is the PSC.”
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