Australia's Woodside to exit long-standing Timor gas project Australian energy company Woodside announced on Tuesday that it will sell its stake in the Greater Zariha gas project in Timor-Leste to a local state-owned player for $200 million, a move one analyst described as a significant blow to the Southeast Asian nation's ambitions to develop the long-stalled project.

Australia's Woodside to exit long-standing Timor gas project Australian energy company Woodside announced on Tuesday that it will sell its stake in the Greater Zariha gas project in Timor-Leste to a local state-owned player for $200 million, a move one analyst described as a significant blow to the Southeast Asian nation's ambitions to develop the long-stalled project.