Woodside sells Greater Sunrise operating stake to a Timor-Leste state-owned company

Bloomberg reports Woodside sold its 33.44% operating interest in the long-stalled Greater Sunrise liquefied natural gas project to a Timor-Leste state-owned company. Woodside said the sale could be worth up to $200 million, with most of that dependent on the project being built. Nikkei Asia reports an analyst described Woodside's exit as a major blow to Timor-Leste's ambitions to develop the project.