Woodside Energy is ending its involvement in the Greater Sunrise gas development off Timor-Leste after agreeing to sell its interest in the project. The company’s decision follows the sale of its stake to another party, with the transaction described in reports as providing Timor-Leste full control of the resource development.
Different outlets frame the deal with slightly different details. The West Australian highlights that Woodside’s move involves selling about a one-third interest and says the result is Timor-Leste taking full control of the development. Business News focuses on Woodside “walking away” from the project, describing an agreement to sell its share to a state-owned entity and citing a $US200 million figure.
