Overview
- The leaders said the Greater Sunrise gas project should proceed as soon as possible, with Australia acknowledging Timor-Leste’s preference for onshore processing.
- Australia will establish a Timor-Leste Infrastructure Fund financed from its Sunrise proceeds, including 10% of total state revenue from the project and at least one-third of Australia’s revenue share.
- Canberra pledged to support any commercially viable development plan proposed by the Sunrise Joint Venture that complies with the Maritime Boundary Treaty.
- A new partnership deepens defence ties, enhances border-security cooperation, and outlines broader economic collaboration between the two countries.
- Both governments will speed negotiations and urged the Sunrise consortium to submit a development concept promptly, while Albanese set a target of 10,000 Timorese workers in Australia by 2027/28.