AGP Executive Report
Last update: 10 hours agoGas Development: President José Ramos-Horta says Timor-Leste expects to sign key agreements for Greater Sunrise early next year, as doubts remain over the cost and commercial viability of piping gas ashore for an LNG plant. Haze Disruption: Indonesia’s fires have triggered ASEAN’s highest haze alert, with pollution affecting Timor-Leste and forcing nationwide school closures earlier this week. Trade and Investment: Timor-Leste and Indonesia are seeking wider market access and stronger business ties; a newly signed investment treaty aims to make cross-border investment easier. Bilateral trade reached US$273.9 million in the first eight months of 2026. Oil Development: Finder Energy has secured the Hakuryu-5 rig for three planned development wells at the offshore Kuda Tasi and Jahal project from December 2027, subject to approvals. Mining: Estrella Resources received approval to begin its first drilling at Laleno Dome, targeting copper-gold deposits. Its Werumata limestone project now has a 533-million-tonne resource, including 274 million tonnes in the higher-confidence indicated category.
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