Home Cambodia Economy

Russia to pursue gas in Thai-Cambodian shelf

May 1st at 16:46
01-05-2017 16:46:47+07:00

Russia to pursue gas in Thai-Cambodian shelf

Russia's state-owned energy giant Gazprom is considering gas production on the continental shelf of Thailand and Cambodia, Russian media reported on Friday.

Vitaly Markelov, deputy chairman of the board for Gazprom, was quoted as saying the production would be through a joint venture with Thai state-owned oil-and-gas conglomerate PTT.

“In connection with a reduction of gas supplies from Myanmar and fall of the level of gas production, we discuss options for joint activities in the exploration and development of gas fields on the shelf of Thailand and Cambodia,” Markelov said.

Gazprom previously signed a memorandum of understanding with PTT in May of 2016.

phnompenh post

MOST READ

NEWS SAME CATEGORY

China’s Sinosure signs agreement with ministry
ECONOMY May 1st at 16:45

China’s Sinosure signs agreement with ministry

The Ministry of Economy and Finance signed a memorandum of understanding (MoU) with Chinese state-funded China Export and Credit Insurance Corporation (Sinosure)...

E-commerce slowed by government: report
ECONOMY Apr 27th at 07:36

E-commerce slowed by government: report

The key ingredients for e-commerce adoption are in place in Cambodia but many specific measures need to be addressed by both the private and public sector before...

Investment down by $1B
ECONOMY Apr 26th at 08:09

Investment down by $1B

Local and foreign investment in the Kingdom declined by nearly $1 billion last year, with the bulk of losses coming from fewer infrastructure and agriculture...

Startups discuss local challenges
ECONOMY Apr 25th at 07:55

Startups discuss local challenges

Cambodian startups currently face several regulatory challenges in pursuing growth and profitability, according to three of the Kingdom’s most successful startup...

HKL gets $15 million to grow MFI operations
ECONOMY Apr 25th at 07:51

HKL gets $15 million to grow MFI operations

Cambodian microlender Hattha Kaksekar Ltd (HKL) has secured a $15 million cash injection to expand its business operations from its parent company, Thailand’s Bank...

Bringing startups to Cambodia
ECONOMY Apr 24th at 07:52

Bringing startups to Cambodia

Confluences Asia, a Cambodia-based consulting and advisory firm, recently helped launch its second startup in Cambodia with Portuguese e-ticketing firm Last2Ticket...

Harley throttles into Cambodia
ECONOMY Apr 21st at 07:57

Harley throttles into Cambodia

Harley-davidson, the iconic and globally recognised US motorcycle manufacturer, will soon be roaring into Cambodia with the country’s first dealership set to open...

Kingdom’s debt grows to nearly $6 billion
ECONOMY Apr 21st at 07:52

Kingdom’s debt grows to nearly $6 billion

Cambodia's national debt stood at $5.8 billion at the end of 2016, totalling nearly a third of GDP, according to the latest debt bulletin released by the Ministry...

Vietnamese firm to invest in massive casino
ECONOMY Apr 21st at 07:50

Vietnamese firm to invest in massive casino

A little-known Vietnamese investment firm plans to build a massive $200 million mixed-use development that includes a hotel, casino and water park in the dusty...

Khmer New Year festival brings in more income
ECONOMY Apr 19th at 13:39

Khmer New Year festival brings in more income

Angkor Sangkranta, Siem Reap’s largest cultural festival held over Khmer New Year, raked in a total income of $95 million on the back of 1.6 million domestic and...

Read More

MOST READ

Back To Top