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Woodside and partners see path forward for East Timor gas field

Companies aim to move 'expeditiously' to settle dispute on LNG terminal location

Australia's Woodside Energy Group has about a one-third interest in the joint venture for the Greater Sunrise gas fields in the Timor Sea.   © Reuters

SYDNEY -- Stalled efforts to develop the Greater Sunrise gas fields near Australia and East Timor appear on track to start moving again after the companies involved said they would study where to process the gas.

The project in the Timor Sea, off Australia's northern coast, is owned by a joint venture between state-run Timor Gap, Australia's Woodside Energy Group and a unit of Japan's Osaka Gas, which hold interests of 56.56%, 33.44% and 10%.

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