AGP Executive Report
Last update: 11 hours agoAirport Expansion Update: Timor-Leste’s Council of Ministers heard progress on modernising President Nicolau Lobato International Airport, a US$239m project with ADB, JICA and Australia’s AIFFP, covering runway, taxiways, aprons, control tower and terminal works, with phased completion targeted by 2028. Oil & Gas Regulation: SundaGas faces a potential termination of its Timor-Leste PSC after missing the Chuditch-2 appraisal drilling deadline; the company has 120 days to respond to the upstream regulator ANP and may seek an extension if it can secure a rig next year. ASEAN-Russia Business Push: At the Russia-ASEAN summit in Kazan, leaders including East Timor backed the Kazan Declaration and a 2026–2030 action plan across 16 cooperation areas, with Russia pledging energy, nuclear cooperation and fertilizers while ASEAN stresses energy security and trade/investment links. Climate Risk for Timor-Leste: UN FAO and WFP launched a US$202m anticipatory action appeal to protect 8.8m people in 22 high-risk countries, naming East Timor among Asia-Pacific targets as El Niño threatens drought and extreme weather. Connectivity for Trade: A new direct Darwin–Dili service by Aero Dili is set to launch, aiming to boost regional trade, investment and tourism through stronger air links.
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