PHNOM PENH: According to a recent post on Bangkok Post Thailand, Thailand is pushing for Cambodian approval for natural gas exploration in the Gulf of Thailand.
Bangkok Post wrote that: Momentum is growing for the resumption of long-delayed talks between Thailand and Cambodia on joint petroleum exploration in the Gulf of Thailand after the two countries showed interest in pushing ahead with the project.
Kurujit Nakornthap, executive director of the Petroleum Institute of Thailand, is urging the government to work with Cambodia to relieve the impact of global gas price fluctuations in the long term.
His statement came after the cabinet had an informal discussion on Tuesday about the joint development of petroleum resources, estimated at 5 trillion baht.
Bangkok Post also mentions that there were positive signals from Cambodia, which is keen to reopen talks on development at the overlapping claim area (OCA) between Cambodia and Thailand.