Forbes: East Timor’s Gas Dream Is Doomed

12 December 2016: “But the reality is quite different. A government commissioned study by one of the world’s leading oil and gas consultancies, Poten & Partners, suggested the socio-economic benefits of building an LNG plant in East Timor were small, at about $154.48 million over five years, compared with the overall scale of investment. Employment for Timorese in both construction and operation would be limited. Typically on an LNG project, about 600 jobs requiring limited training, could be created without hitting costs during construction. During operation only 50 to 100 positions would be created. Such large-scale development also brings a clash of cultures and a local window into global economic injustice, as highly paid foreign workers and executives meet locals unaccustomed to their priorities and values.” to read full article, click here.