The way I see it, this is a positive for WPL because the higher...

The way I see it, this is a positive for WPL because the higher revenue share gives Timor Leste an incentive to shift on their demand for the onshore LNG plant. Sunrise is a relatively small but condensate-rich field and the economics of a field like that should favour FLNG.

I haven't been able to find a clear explanation of the JPDA agreement but it seems to be structured as a PSC rather than a royalty agreement so that also gives Timor Leste an incentive to go with FLNG, because under a PSC the oil company would be entitled to recover their costs before the governments get their share (cost oil vs profit oil). Lower cost means quicker payoff of the "cost oil" (cost gas in this case), which means the 80% revenue stream comes online quicker, and they get more revenue overall.