East Timor’s state-owned gas company has rejected reports it is set to take a US$16 billion loan from China’s Exim bank to finance a US$50 billion offshore oil and gas project. Photo: AFP

East Timor gas company denies US$16 billion loan from Chinese bank but reports are enough to unsettle Australia

  • Reports raised concerns in Australia that Chinese military could establish a presence just 500km from Darwin
  • Australia and East Timor disagree over where offshore gas resources are processed, and both nations wanted it piped to their own domestic facility
Topic |   Chinese offshore investment

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East Timor’s state-owned gas company has rejected reports it is set to take a US$16 billion loan from China’s Exim bank to finance a US$50 billion offshore oil and gas project. Photo: AFP
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