(EnergyAsia, December 28)–Australia and East Timor have finalised a revenue-sharing pact covering the Sunrise natural gas project. Under the deal, East Timor could receive up to US$7 billion in additional petroleum royalties, on top of existing revenue entitlements. In return, East Timor will set aside negotiations on a permanent maritime border for 50 years….
AUSTRALIA: Deal reached with East Timor on Sunrise natural gas
Posted on December 28, 2005 by EnergyAsia