Timor-Leste rejects report it is taking $16bn loan from China's Exim bank for gas project

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State-owned company seeks partners to develop $50bn of untapped reserves in Timor Sea

Timor-Leste’s state-owned gas company has rejected reports it is set to take a $16bn loan from China’s Exim bank to finance the Greater Sunrise project.

The Timor-Leste government recently took majority ownership of the project after buying out its former partners – ConocoPhillips and Shell – with the aim of ensuring the gas is piped to its shores instead of Australia’s.

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Source: china
Link : Timor-Leste rejects report it is taking bn loan from China’s Exim bank for gas project

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