Woodside Energy has confirmed it is exiting the Greater Sunrise gas project, a long-stalled development located between Australia and Timor-Leste. The project, which holds significant natural gas reserves, has faced decades of disputes regarding maritime boundaries and the most efficient method for processing the extracted resources. Woodside’s decision to pull out marks a major shift in the project's ownership structure and future development prospects.

Following the announcement, speculation has emerged regarding the potential for Chinese state-backed firms to step in as new investors. While Woodside has not officially commented on the identity of potential successors, the prospect of Chinese involvement has drawn attention due to the strategic importance of the region and the ongoing geopolitical competition in the Pacific. Some analysts suggest that China’s interest aligns with its broader strategy to secure energy resources and expand its influence in Southeast Asia. Conversely, other observers note that the project’s complex regulatory and economic history may deter even well-funded international investors. At this stage, no formal agreements between Timor-Leste and Chinese firms have been confirmed, and the long-term viability of the Greater Sunrise field remains subject to ongoing negotiations between the involved governments.