Southeast Asia’s poorest nation says ‘holding off’ Chinese interest in huge gas field
The prospect of developing Greater Sunrise, which has 5.1 trillion cubic feet (144.4 billion cubic metres) of gas reserves, with new partners had raised concerns in Australia about growing Chinese power and influence in the Pacific region.
State-owned Timor Gap owns a 56.6 per cent stake in the field located about 140km (87 miles) south of East Timor, while Australia’s Woodside owns 33.4 per cent and Osaka Gas holds 10 per cent.