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The sale of the equity stake to a Timorese state-owned company could open the door for Chinese companies to bid
Australia's Woodside Energy announced on Tuesday that it would sell its stake in the Greater Sunrise natural gas project in Timor-Leste to a local state-owned enterprise for $200 million. An analyst stated that this move is a significant blow to Timor-Leste's ambitions to develop the long-stalled project. The sale of the equity stake to a Timorese state-owned company could open the door for Chinese companies to bid.
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