AGP Executive Report
Last update: 8 hours agoGreater Sunrise: Timor-Leste is seeking an internationally recognised operator after Woodside agreed to sell its stake to state-owned TIMOR GAP for up to US$200 million. The country aims to develop the gas fields as an LNG project at Natarbora, with first gas targeted for 2034; Japanese and Middle Eastern firms have shown interest. Tourism Investment: Marriott has signed a franchise deal with Jape Group for a 100-room Courtyard hotel in Dili. Construction is expected to start in 2027, ahead of a planned 2029 opening. Mining Exports: Estrella Resources won approval to export a 27,000-tonne manganese sample, clearing the way for its first major shipment from Timor-Leste and a test of export logistics. Oil Exploration: TIMOR GAP is seeking a land rig for its planned Pualaca-1 well in 2027, part of a three-well onshore campaign.
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