Urgent need for quick talks with Cambodia

Quick Summary:

The government should set up a Thai-Cambodian joint technical committee to speed up talks on joint petroleum production in the overlapping claims area (OCA) between the two countries as gas production from existing blocks in the Gulf of Thailand is declining, says the Petroleum Institute of Thailand (PTIT).

If the government continues to import LNG, it will hardly avoid price fluctuations, eventually leading to more electricity generation costs and pricier power bills for businesses and households.

Last year, Thailand consumed 4,200-4,300 million standard cubic feet of natural gas per day.

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Article Details

Category: EconomyBusiness

Markets: ThailandCambodia

Topics: Joint Existing Production Pipelines Natural Government Cubic Kurujit Thailand Gulf Talks

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-23 @ 04:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23209239

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 19 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 2 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #66

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