Foreign Affairs Minister Penny Wong will visit East Timor this week and encourage its political leaders to resolve a stand-off with Australian energy giant Woodside over the potential development of a gas project in the Timor Sea.
The Albanese government believes the development of the Greater Sunrise gas and condensate field, located 150 kilometres from East Timor and 450 kilometres from Darwin, is crucial to East Timor’s economic viability and regional stability, sources said.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
