Timor-Leste: Australia and Timor-Leste Sign Historic Maritime Border Treaty

Mar 6, 2018 | Helen Davidson, Guardian
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Australia and Timor-Leste have a permanent maritime border for the first time after the signing of a significant and unprecedented treaty in New York on Wednesday. The treaty finally determines each nation’s entitlement and ownership of the rich oil and gas reserves in the Timor Sea, including the untapped Greater Sunrise basin, estimated to hold $53bn worth of gas reserves.