The ripping up of gas treaty in pursuit of a greater share of revenue from Sunrise gas field could create a failed state if no new agreement is forged, expert says
Timor-Leste’s decision to rip up a treaty with Australia on the carve-up of future revenue from Greater Sunrise oil and gas reserve in the Timor Sea could make it an “architect of its own demise”, experts have told a parliamentary inquiry.
In January Timor-Leste announced it wished to terminate the treaty which split future revenue 50-50 with Australia and put a 50-year moratorium on a permanent maritime boundary.
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