Border talks on oil and gasadmin
Thailand and Cambodia plan to set up Joint Development Areas (JDA) covering 26,000 square kilometres of overlapping border areas to facilitate the exploration of natural gas and crude oil, Foreign Minister Noppadon Pattama said yesterday. Mr Noppadon said the Thai and Cambodian foreign ministries will hold talks on the establishment of the JDA to manage the overlapping border areas which are rich in natural gas and crude oil.
The value of the natural resources is expected to be about 3.5 billion baht for natural gas and 1.5 billion baht for crude oil. If successful, Thailand will enjoy greater energy security essential to electricity generation and the development of the petrochemical industry, said Mr Noppadon.
He added that the Foreign Ministry will join the Energy Ministry in talks with Cambodia as soon as possible on the issue, which is regarded as very important.