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TL will prove piping oil from Sunrise field to TL is economically viable

TL will prove piping oil from Sunrise field to TL is economically viable

Timor-Leste's Prime Minister, Kay Rala Xanana Gusmao (Photo Tatoli/Egas Cristóvão)

DILI, 19 july 2023 (TATOLI) – Prime Minister, Kay Rala Xanana Gusmão has again strongly reaffirmed Timor-Leste’s position to bring the oil and gas from the Greater Sunrise field to be developed in onshore Timor-Leste.

“We will prove to the world that piping oil and gas from the Greater Sunrise field to be processed in onshore Timor-Leste is a feasible and economically sound solution,” Gusmão said during the presentation of the IX Government’s program at the National Parliament, on tuesday. 

Prime Minister again reiterated that the Tasi Mane South Coast petroleum project will become the center of oil and gas activities with the establishment of the logistics base in Covalima municipality, which includes oil refineries: “There will be the establishment of the Petrochemical Complex and the Liquefied Natural Gas (LNG) facility in the south coast.”

He emphasized that the Tasi Mane south coast petroleum project will trigger major development along the entire south coast, including the construction of new infrastructure and towns, which will create more than 50,000 direct and indirect jobs.

“The entire nation will benefit from the Tasi Mane project, not only by increasing Timor-Leste’s Gross Domestic Product but also by boosting the country’s economy, including the opening of restaurants, engineering, security, fuel supply, professional and technical services, agricultural products, just to name a few,” Gusmão explained. 

Earlier this month, Australian Foreign Minister Penny Wong expressed the commitment of Australia’s new government to accelerate the development of Greater Sunrise to support Timor-Leste’s economy. 

“We have only one ambition for Greater Sunrise, and that is to see it developed as soon as feasibly possible to support Timor-Leste’s development,” Wong said during her second visit as Australia’s Minister of Foreign Affairs to Timor-Leste where she met with the newly appointed Prime Minister, Kay Rala Xanana Gusmão, and the President of the Republic, José Ramos Horta.

She said Australia agreed with Prime Minister Gusmão that the Greater Sunrise Development project needs to be a feasible and economically sound solution, that creates a petroleum industry that can yield direct economic dividends for the Timorese people: “We would encourage the work to be done within the partners in Greater Sunrise for that to occur.”

Wong said Australia has been listening carefully to understand Timor-Leste’s ambitions for Greater Sunrise: “I can assure you that Timor-Leste’s commitment to onshore processing and the south coast Tasi Mane project is clearly understood.” 

She said that technology is evolving, and the joint venture is looking afresh at the options: “That is why its study into the options for Greater Sunrise should go ahead as soon as possible.”

Wong pledged to continue working with the Government of Timor-Leste on the Greater Sunrise project to support the nation’s economic resilience and sovereignty. 

The Sunrise project is operated by Joint Venture between TIMOR GAP (56.56%), Woodside Petroleum (33.44%), and Osaka Gas (10%).

The Sunrise field is estimated to contain 5.13 trillion cubic feet of recoverable natural gas and 226 million barrels of condensate (oil), which could give Timor-Leste US$50 billion in revenues.

Related News:https://en.tatoli.tl/2023/07/07/australia-wants-development-of-greater-sunrise-to-occur-as-soon-as-feasibly-possible/18/

 

Journalist: Filomeno Martins 

Editor: Nelia Borges

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