AGP Executive Report
Last update: 10 hours agoGreater Sunrise: TIMOR GAP has agreed to buy Woodside’s 33.44% stake for up to US$200 million, potentially taking full ownership after its separate deal for Osaka Gas’s 10% share closes. Payments include US$175 million due only after the first LNG shipment, as Timor-Leste presses ahead with plans to pipe gas to its south coast. Investment and Infrastructure: President José Ramos-Horta says investor confidence is rising a year after ASEAN membership. Projects include a Japanese-French solar plant and a proposed shipyard by Tsuneishi Shipbuilding. Energy Exploration: Eni is seeking contractors for offshore exploration drilling and decommissioning work, while Australian explorer Tivan has begun clearing an access road and drill pad at its Scorpion prospect ahead of planned drilling, pending an environmental licence. Agriculture and Trade: Bali and Timor-Leste are exploring exports of up to 10,000 cattle, subject to health checks and approvals. Separately, Indonesia’s Ombudsman says exporters crossing into Timor-Leste have faced alleged illegal fees at the Motaain border post.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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