AGP Executive Report
Last update: 8 minutes agoChuditch Gas: Timor-Leste’s regulator granted SundaGas and state-owned TIMOR GAP a 12-month extension to advance appraisal of the offshore field. The partners are discussing a possible transfer of operatorship to TIMOR GAP, with binding agreements due by year-end. KTJ Oil Project: Finder Energy secured a rig for three development wells offshore, with drilling scheduled to start between December 2027 and March 2028 and first oil targeted in about two years. Energy Investment: President José Ramos-Horta says Greater Sunrise gas agreements could be signed early next year, though doubts remain over the proposed LNG project’s commercial viability. He has also warned that costly diesel power is deterring investors, while declining aid is slowing the energy transition. Mining: Estrella Resources won approval to drill its Laleno Dome copper prospect and reported a 274-million-tonne limestone resource upgrade. Regional Disruption: Indonesian wildfire haze reached Timor-Leste, prompting nationwide school closures as air quality worsened. Trade Links: Timor-Leste and Indonesia are seeking broader market access and business ties under a new investment treaty.
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