AGP Executive Report
Last update: 17 minutes agoGreater Sunrise: Timor-Leste’s state oil company TIMOR GAP has agreed to buy Woodside’s entire stake in the gas project, potentially giving it full ownership once approvals are secured. Payments are staged, with most due only after LNG shipments begin. The government remains committed to piping gas to the south coast, though the project’s commercial prospects face questions. ASEAN and Investment: Marking a year in ASEAN, President José Ramos-Horta says membership has lifted investor confidence. Projects include a solar plant and a proposed shipyard, as the country seeks jobs and a less oil-dependent economy. Regional Haze: Indonesia and Singapore plan a joint task force to hold businesses responsible for wildfire pollution. The hazardous haze has also affected Timor-Leste, underscoring the crisis’s cross-border reach.
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