Switzerland-based StreamTec Solutions has signed a cooperation agreement with Timor-Leste’s national oil & gas company Timor Gás & Petróleo, E.P. (TIMOR GAP) and the Ministry of Petroleum and Mineral Resources (MPRM) to establish a company that will develop an underwater pipeline highway for the transport of natural gas.
The public-private partnership company named STREAMTEC Timor-Leste Pipeline, CO. (STS TL) will be 70% owned by TIMOR GAP, E.P. and 30% by StreamTec Solutions, and will be responsible for promoting, operating, and maintaining the pipeline highway that will transport natural gas from the Bayu Undan and nearby fields in the Timor Sea to Natarbora.

