Indochina becoming prime target for foreign investment in E and D

Journal Article · Mon May 18 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:5094863

This paper reports that Indochina is emerging as a prime target for investment in oil and gas exploration and development. The Southeast Asian subcontinent offers sharp contrasts: the booming, market oriented economy of Thailand with its friendly climate for foreign investment, compared with the flagging socialist economies of Myanmar (formerly Burma), Cambodia, Laos, and Viet Nam. The contrast extends to the Thai energy sector as well. Aggressive development of Thailand's gas reserves with foreign assistance and capital underpins the buoyant Thai economy and has helped it reduce its dependence on imports to 40% of total energy demand. That contrast may also give impetus to a window of opportunity for oil and gas companies to participate in little tested or rank exploration plays elsewhere in the region. Except for Thailand, the region has seen little exploration and almost none by private companies since the early 1970s. The other countries are just beginning to emerge from years of international isolation caused by war or civil strife, and some are seeking foreign private investment in oil and natural gas for the first time in more than a decade. The need for hard currency capital is keen. Accordingly, industry officials point to nations such as Cambodia offering among the most attractive terms for oil and gas investment in the world.

• OSTI ID: 5094863
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:20; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

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ASIA
DEMAND
DEVELOPING COUNTRIES
ENERGY CONSUMPTION
ENERGY DEMAND
ENERGY SOURCES
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NATURAL GAS FIELDS
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