Energy
Thailand Eyes $300 Billion Gas Field Frozen by Cambodia Dispute
- Both nations have overlapping claims in Gulf of Thailand
- Remaining Thai gas reserves estimated to last up to 10 years
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Thailand’s new government will restart negotiations with Cambodia to explore an offshore oil and gas field with at least $300 billion worth of reserves that the two countries have been squabbling over since the 1970s.
Prime Minister Paetongtarn Shinawatra, who took office in September, said the joint exploration is among her administration’s top 10 urgent goals as the country seeks to boost dwindling reserves, and contain electricity prices and a ballooning fuel imports bill.