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East Timor Not in Hurry on Sunrise Gas, Finance Minister Says

dispute with Aust govt over Sunrise gas field royalities in arbitration, Finance Minister Emilia Pires *East Timor’s petroleum fund has grown to about $13 billion *The country has lots of opportunities to invest the fund money in global stocks, including emerging markets *NOTE: East Timor’s allegations that Australia engaged in espionage during 2004 talks on a treaty for the Sunrise natural gas field may lead to further delays for the proposed Sunrise LNG project, Woodside CEO Coleman said May 28.

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