AGP Executive Report
Last update: 10 hours agoEnergy: President José Ramos-Horta says dwindling aid is forcing Timor-Leste to rely on oil and gas to power economic diversification. The grid runs almost entirely on costly diesel, which he says deters investors. He also expects the first Greater Sunrise gas agreements to be signed early next year, though the project’s commercial viability remains disputed. Workforce: A new Indonesia–Timor-Leste programme trained 31 employment officers in Dili to improve job counselling and connect workers with employers and training. Regional Trade: The countries have signed an investment treaty to encourage cross-border business. Bilateral trade reached US$273.86 million in January–August, up 1.59% year on year. Offshore Development: Finder Energy has contracted the Hakuryu-5 rig for three development wells at the Kuda Tasi and Jahal fields from December 2027, subject to approvals. The plan includes options for two more wells. Mining: Estrella Resources has approval to begin maiden drilling at the Laleno Dome copper-gold prospect, with site preparation underway. Air Quality: Indonesian wildfire haze forced school closures in Timor-Leste and disrupted daily life across the region, underscoring the economic and public-health costs of cross-border pollution.
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