AGP Executive Report
Last update: 35 minutes agoGreater Sunrise: TIMOR GAP has agreed to buy Woodside’s 33.44% stake for up to US$200 million, potentially giving Timor-Leste full control of the gas project once approvals are secured. Most of the payment depends on a final investment decision and the first LNG cargo, leaving the project’s path to development uncertain. Australia Visa Pathway: Australia has set a registration fee for its Pacific Engagement Visa ballot. Timor-Leste received 13% of visas issued in the scheme’s first two years, alongside Papua New Guinea and Fiji as leading recipients. Investment and ASEAN: One year after joining ASEAN, President José Ramos-Horta says investor confidence is rising. Solar-power and shipyard projects are among investments expected to create jobs and help diversify the economy beyond oil and gas. Regional Security: Australia and Timor-Leste have signed a defence cooperation framework, deepening security ties as Dili expands its role in the region.
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