Thailand Needs Cambodia to Unlock ‘Huge’ Gulf Gas Reserves
This article is for subscribers only.
Thailand’s petrochemical industry may lose billions of dollars if the government fails to strike an agreement with neighboring Cambodia on overlapping claims in the Gulf of Thailand, Energy Minister Pichai Naripthaphan said.
“Thailand is running out of gas in 15 years,” he said in an interview in Bangkok today. “Petrochemical companies rely on components of wet gas from the Gulf of Thailand. Billions of dollars every year will be gone if we can’t get more supply.”