Gas, money and spies: Time running out for Timor-Woodside deal
Unless the project that’s been in the pipeline for 20 years and is potentially worth $20 billion is producing LNG before the end of this decade, East Timor faces bankruptcy.
The Australian government, energy giant Woodside Energy and the tiny island nation of East Timor are locked in a high-stakes, 20-year stand-off.
The tensions cut across the global energy price crunch, geopolitical power plays involving Canberra and China, a spying controversy, East Timorese nationalism, a big taxation opportunity and the economic viability of one of Australia’s closest neighbours.
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