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Growth of the Better Dawn gasoline and condensate fields, first found within the Timor Sea in 1974, has been stalled for many years. With a maritime border dispute between the Southeast Asian island nation of Timor-Leste and Australia solved, the mission continues to be held up over a disagreement on whether or not the gasoline needs to be piped to Timor-Leste or Australia for processing and eventual export.
The top of Timor-Leste’s nationwide oil firm not too long ago got here to Washington to garner each technical experience and strategic assist from US policymakers. Whereas on the town, Timor Hole President and CEO Antonio de Sousa joined the podcast to share his hardline place that gasoline from Better Dawn have to be pumped to Timor-Leste; his optimism {that a} path ahead is inside attain, as a deadline has been set to finalize a authorized framework and manufacturing sharing contract for the offshore mission; and his outlook for future development within the LNG market.
Stick round after the interview for Starr Spencer with the Market Minute, a have a look at near-term oil market drivers.
Associated content material:
Shell sells 26.56% stake in Better Dawn to East Timor for $300m
South Korean LNG importers eye infrastructure enlargement for provide safety
International scramble for LNG tankers more likely to enhance gasoline costs additional
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