IMO the big mistake we made is that over the past 20years we...

IMO the big mistake we made is that over the past 20
years we have hassled /bugged negotiations/hindered East
Timor on the fair apportioning of the oil/gas reserves
and their development in the Timor Gap ...so much
so that E-T has been unable to derive any benefit to date.

No doubt the Chinese will come in, build pipelines/plant
and extract gas & condensate within 3 years while we
have been running angles for the prominently US owned
WPL (Woolside). E-T is a 3rd World Country and it badly
needs the LNG revenue while there is still a market.

I guess if we can run Subs and Warships through the Taiwan Strait,
then the Chinese can return the complement by doing ditto in the
Torres Strait /Coral Sea.