Offshore CCS Investment: Santos says it is pushing ahead with a Bayu-Undan carbon capture and storage plan in Timor-Leste, targeting up to 10 million tonnes of CO2 a year and using the aging Bayu-Undan field as a “brownfield” base, with approvals now the main hurdle. ASEAN Integration & Diplomacy: Timor-Leste Prime Minister Kay Rala Xanana Gusmão wrapped up a Vietnam visit and ASEAN Future Forum participation, with Vietnam backing Timor-Leste’s full and effective ASEAN role; Vietnam’s National Assembly chair also said bilateral agreements will get easier signing and implementation. Regional Climate Risk for Energy: A Zurich Insurance report warns that 75% of ASEAN renewable generation capacity (excluding Timor-Leste) faces severe climate risk by 2030, arguing for upfront resilience spending to cut losses. ASEAN Future Forum Focus: At AFF 2026 in Hanoi, leaders including Timor-Leste’s PM discussed ASEAN’s push to shape new regional rules on peace, prosperity, people-centered development, and supply-chain resilience. Coral Triangle LNG Pressure: Campaigners say most major insurers still won’t rule out LNG coverage in the Coral Triangle, which includes Timor-Leste, despite biodiversity concerns.