The Development of Oil and Gas Diplomacy Policy between Timor Leste and Australia in the Timor Sea

Abstract

Political strategy and future development of Oil and Gas Diplomacy in the Timor Sea from the Countries of Timor Leste and Australia for the development of the oil and gas industry in the interests of the country's economic welfare. The Timor Sea is an area that contains oil and gas (oil and gas) values ​​, such as the Elang-Kakatua Oil Field and the larger Laminaria-Corallina Field, which is localized in the west, the Greater Sunrise Field. Where Bayu Undang is gas worth more than 30 to 50 billion US dollars, it is located closer to the south coast of Timor Leste than oil and gas areas or other islands located in the Timor Sea or in the area of ​​the Timor Leste Sea and Australia, around $ 64.5 Billion from oil and gas production in the Timor Sea, big profits from these oil and gas fields in the future. The aim of the oil and gas diplomacy policy-making held by Timor Leste and Australia is to increase the value of Timor Leste-Australia diplomacy policy in future cooperation in oil and gas diplomacy between the two countries, as well as to explore the strategic factors expected by both countries which will be able to maximize the positive impact of policy development. The future of diplomacy on oil and gas energy sources between the two countries on the Timor Leste-Australia Maritime Border is to maintain national energy security to ensure general prosperity. In this work, the author uses qualitative research methods to collect data that is very relevant and useful to enrich writing and that is worthy of access. Then the results of this writing are used to deepen the future policy of oil and gas diplomacy between the two countries to strengthen diplomatic relations between Timor Leste and Australia, as well as open up opportunities for the political and social-cultural aspects of the two countries which prioritize the concept of a win-win solution from the beginning toward the future.