Speculation continues over Greater Sunrise gas negotiations | Connect Asia

Speculation continues over Greater Sunrise gas negotiations

Speculation continues over Greater Sunrise gas negotiations

Updated 25 February 2013, 15:58 AEDT

Saturday marked an important date in the ongoing negotiations between East Timor and Australia over the Greater Sunrise petroleum fields.

Greater Sunrise is a gas reserve located under the sea between the two nations.

For years the three parties involved - Australia, East Timor and the companies led by Woodside - have failed to agree on how to develop the resources - the profits of which would be shared under the terms of the agreement known as Certain Maritime Arrangements in the Timor Sea, or CMATS.

February 23 was the first opportunity the parties have to pull out unilaterally from CMATS.

There has been a lot of speculating about whether East Timor would or should terminate the CMAT agreement.

Presenter: Liam Cochrane

Speaker: Charlie Scheiner, researcher at La'o Hamatuk, a Dili-based policy think tank

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