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Tuesday 29th June, 2021
Through a series of confidential meetings with the Conciliation Commission in The Hague from 9 to 13 October, Timor-Leste and Australia reached agreement on the complete text of a draft treaty as anticipated in the Comprehensive Package Agreement of 30 August 2017. This draft treaty delimits the maritime boundary between them in the Timor Sea and addresses the legal status of the Greater Sunrise gas field, the establishment of a Special Regime for Greater Sunrise, a pathway to the development of the resource, and the sharing of the resulting revenue. The Parties will now pursue their domestic approval processes in order to proceed with the signing of the Treaty. The Parties will continue to engage with the Greater Sunrise Joint Venture regarding the development of the Greater Sunrise gas field, as well as with other stakeholders with resource interests in the Timor Sea.
