Reported about 5 hours ago
East Timor's President Jose Ramos-Horta announced a preference for collaborating with Australia and its partners on the Greater Sunrise natural gas project, bypassing Chinese firms. This marks a significant shift in the country's development strategy, emphasizing a commitment to existing Australian partnerships despite previous considerations of working with new international investors. Ramos-Horta highlighted that East Timor has been stalling discussions with Chinese companies and is open to investing in a liquefied natural gas plant domestically, stressing the importance of finalizing agreements promptly to support the nation’s economic growth.
Source: YAHOO