Australia, Timor Leste to continue its partnership on CCS projects

Image credit: Australian Government

Australian Minister for Resources and Northern Australia Madeleine King has met with Timor-Leste Minister for Petroleum and Mineral Resources Francisco da Costa Monteiro in Canberra on 23 January 2024 to discuss the two countries’ cooperation for Carbon Capture and Storage (CCS) projects, including the Bayu-Undan CCS project.

The Ministers have pledged to work together to develop the necessary legal and regulatory frameworks to allow the movement of CO2 between Australia and Timor-Leste and permit CO2 storage in underwater reservoirs.

They also renewed their support for continuing discussions between officials and the Sunrise Joint Venture on completing the Petroleum Mining Code, the Fiscal Regime, and the Production Sharing Contracts for Greater Sunrise project.

They also reiterated their commitment to the commercially viable development of the Greater Sunrise project.