But Greater Sunrise also holds oil, which makes developing the gas attractive. But in return for losing billions of dollars on a white elephant, Beijing would want its pound of flesh from East Timor. The logical and most cost-effective backfill supply option would be Greater Sunrise. By which time, East Timor could be broke, data from Dili-based think-tank La’o Hamutuk shows. Ultimately, Greater Sunrise is probably best left undeveloped for another decade, which will force East Timor to diversify its economy away from oil revenues.

Source: Forbes March 02, 2018 23:23 UTC