Greater Sunrise: TIMOR GAP has agreed to buy Woodside’s 33.44% stake for up to US$200 million, and is also pursuing Osaka Gas’s 10% share. After approvals, the state company could own the entire project, advancing Timor-Leste’s plan for a south-coast gas pipeline and LNG plant. Much of the payment depends on a final investment decision and first LNG sales. Investment Outlook: One year after joining ASEAN, President José Ramos-Horta says investor confidence is rising. Projects include a solar power plant backed by Itochu and a French partner, and a shipyard proposed by Tsuneishi. Trade and Business: An inaugural Darwin-Dili investment summit is bringing Australian and Timorese businesses together, with a focus on infrastructure, agribusiness, tourism, training and professional services. Mineral Exploration: Tivan has started clearing land for a drill road and pad at its Scorpion prospect; drilling is targeted for early November, pending an environmental licence.