ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

COVID-19 wipes out East Timor's dreams of oil and gas riches

Chinese investment the only hope for project championed by Xanana Gusmao

| East Timor
Boys watch an Australian Navy ship maneuver off the coast of Dili, the capital of East Timor: the country's long-held dream to create a domestic petroleum industry is in jeopardy.   © AP

Ian Lloyd Neubauer is a freelance journalist based in Indonesia.

COVID-19 and the global collapse in oil and gas prices appear to have put the final nail into the coffin of East Timor's long-held dream to create a domestic petroleum industry that would end its dependence on foreign aid and secure its viability as a sovereign state.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more