UN-Australia Deal Is Near on Timor Oil and Gas
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20/05/2001
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International Herald Tribune (Bangkok)
Australia and the United Nations temporary administration in East Timor are reportedly near an agreement on new revenue-sharing rules covering the rich oil and gas fields between northern Australia and the former Indonesian territory. If the deal can be finalized in the next few weeks, as Australian officials hope, it will clear the way for supplying liquefied natural gas from the area to the U.S West Coast.