Investors needed in Cambodia and Vietnam
Both countries need investment to arrest declining domestic output and plug an impending supply gap—opportunities for China and LNG
China looks like dominating foreign investment in Cambodia's fledgling oil and gas industry as the capital-hungry Southeast Asian nation sets out to develop its own offshore industry over the next few years. Most recently, Great Wall International Engineering, a division of state-owned China National Petroleum Corporation, signed a contract in May to build the first phase of a $1.6bn refinery in Kampot and Preah Sihanouk provinces that is slated to process 7m tonnes a year, or 140,000 barrels per day, of crude by 2022. Its joint venture partner will be another Chinese company, Sinomach. Much of the raw material will probably come from Block A in the Gulf of Thailand, which is crucial to Camb
Also in this section
28 March 2024
The country’s largest gas field is a bright spot for the North Sea, boasting cleaner operations amid a changing mood in Europe over hydrocarbons
28 March 2024
Whether OPEC+ starts to unwind its oil production cuts from June will depend on heavily debated unfolding supply-demand balances
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources