World

Australia helps Timor Leste build gas pipeline

The 2 billion AUD (1.4 billion USD) Australian Infrastructure Financing Facility for the Pacific (AIFFP) is negotiating with Timor Leste on the financing of a gas pipeline worth 500 million AUD (350 million USD) that will connect with a gas plant to be built on the coast of the south Southeast Asian country.
Australia helps Timor Leste build gas pipeline ảnh 1Illustrative image (Photo: Internet)
Sydney (VNA) – The 2billion AUD (1.4 billion USD) Australian Infrastructure Financing Facility forthe Pacific (AIFFP) is negotiating with Timor Leste on the financing of a gas pipelineworth 500 million AUD (350 million USD) that will connect with a gas plant tobe built on the coast of the south Southeast Asian country.

The move took place at a time whenTimor Leste is finding a new joint-venture for its 15.6 billion USD liquefiedgas plant in Beacu.

The gas pipeline is an importantpart of Timor Leste’s gas development scheme. However, according to assessmentsof the United Nations High-Level Advisory Board on Mediation last year, theproject would fail to generate enough profit to meet investment standard of aninternational oil and gas company.

During a visit to Timor Leste inAugust 2019, Australian Prime Minister Scott Morrison announced that Australiawill fund the building of a national Internet cable line and upgrade of animportant naval base in the country.

Debut last year, AIFFP now hasabout 1.5 billion AUD (1.05 billion USD) used for preferential loans and 500million AUD (350 million USD) for significant infrastructure projects in theregion.-VNA
VNA
#Australian Infrastructure Financing Facility for the Pacific #Vietnamplus #Vietnam News Agency #Timor Leste #United Nations High-Level Advisory Board on Mediation #gas pipeline Australia Timor-Leste
Follow VietnamPlus

Related News

Australia, Timor-Leste reach draft agreement on maritime border

Australia, Timor-Leste reach draft agreement on maritime border

Australia and Timor-Leste have agreed on a draft of the agreement on maritime border delimitation reached in August, ending a decade-old dispute related to oil and gas fields between the two nations, according to the Permanent Court of Arbitration (PCA) in The Hague, the Netherlands.

See more

A street in Bangkok, Thailand. (Illustrative photo: Xinhua/VNA)

Thailand’s business activity shows signs of gradual recovery

As of August 31, Thailand had more than 1 million active legal entities with total registered capital of 24.13 trillion THB. The service sector accounted for the largest share, with 552,830 entities, or 54.48%, followed by wholesale and retail with 332,791 entities (32.79%) and manufacturing with 129,215 (12.73%).

Prime Minister Hun Manet (front row, centre) and Labour and Vocational Training Minister Heng Sour (front row, right) visit a garment factory in Preah Sihanouk province. MLVT (Photo: khmertimeskh.com)

Cambodia records 7,458 more enterprises in three years

A Cambodian official said that the growth should not be assessed solely by the number of newly established enterprises and facilities, but also by their contributions to investment, production, job creation and household incomes.

The ASEAN Senior Officials’ Meeting (SOM) convenes in Manila, the Philippines, on September 9. The Vietnamese delegation is led by Deputy Minister of Foreign Affairs Dang Hoang Giang (fifth, left), head of the ASEAN-Vietnam SOM.(Photo: asean.org)

Vietnam calls for stronger ASEAN unity, resilience

Deputy Minister of Foreign Affairs Dang Hoang Giang urged ASEAN to make full use of existing mechanisms to enhance dialogue, build trust and prevent risks and conflicts, particularly by strengthening the Treaty of Amity and Cooperation in Southeast Asia (TAC), the Southeast Asia Nuclear Weapon-Free Zone Treaty (SEANWFZ), and cooperation based on international law.

Timor-Leste President Jose Ramos-Horta (Photo: VNA)

Timor-Leste diversifies economy, seeks to attract investment

The President noted Timor-Leste is pursuing sustainable development, stronger regional connectivity and expanded international cooperation while seeking investment opportunities in energy, tourism and emerging economic sectors to reduce its dependence on oil and gas revenues.

Minister Counsellor Nguyen Hai Luu, Deputy Permanent Representative of Vietnam to the UN (Photo published by VNA)

Vietnam cooperates with UN to advance gender equality

Minister Counsellor Nguyen Hai Luu highlighted Vietnam’s positive achievements in promoting gender equality, noting that 13 of the 20 targets under the national strategy on gender equality had been met or exceeded by 2025.

General Secretary of the Communist Party of Vietnam Central Committee and President To Lam meets with Russian President Vladimir Putin in Moscow on September 9, 2026. (Photo: VNA)

Russian public, experts praise top Vietnamese leader’s visit

Positive reactions to General Secretary and President To Lam’s visit have reaffirmed Vietnam’s steady foreign policy amid global changes, while highlighting the enduring trust and friendship between Vietnam and Russia, which are working together to create new breakthroughs in bilateral cooperation.

Thailand eases rules for foreign enterprises

Thailand eases rules for foreign enterprises

The regulatory adjustment is part of Thailand's efforts to simplify regulations governing foreign business operations and clarify licensing requirements, while simultaneously fostering economic development and enhancing the country's international competitiveness.

Julie Le Saos, Advisor for Asia, Oceania and the Americas to the French President (Photo: Pacific Newsroom)

France seeks to promote strategic cooperation with Vietnam: official

According to the Élysée Palace, a key objective of the visit to France by Party General Secretary and President To Lam is to drive the implementation of the Comprehensive Strategic Partnership, established in 2024, thereby helping reinforce the strategic autonomy of both nations and supporting Vietnam’s ambitious development goals.