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
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
