AGP Executive Report
Last update: 11 hours agoGreater Sunrise: TIMOR GAP has agreed to buy Woodside’s 33.44% stake for up to US$200 million; together with its planned Osaka Gas acquisition, the deal could give the state company full ownership. Most of the payment depends on a final investment decision and first LNG cargo, while the planned pipeline to the south coast still faces commercial questions. Mining Exports: Estrella Resources received Timor-Leste’s approval to export a 27,000-tonne manganese sample, clearing a key step toward its first shipment from the Ira Miri project. Oil Exploration: TIMOR GAP is seeking a land rig for a Pualaca well planned for 2027, part of a proposed three-well onshore campaign. Investment and Trade: President José Ramos-Horta says ASEAN membership has helped lift investor confidence, with projects including a solar plant and proposed shipyard. A Darwin-Dili business summit is also targeting new trade and investment in infrastructure, agribusiness, tourism and training.
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