BANGKOK, Apr. 8 -- Thailand and Cambodia plan to resume negotiations Apr. 21 in Bangkok over long-standing differences covering ownership of gas reserves in disputed waters.
An impasse has prevented development of 26,000 sq km area in the Gulf of Thailand. The area is believed to hold substantial hydrocarbon deposits.
Negotiations are being prompted by skyrocketing oil prices and the need of both Thailand and Cambodia to find indigenous energy supplies.
In 2001, both sides agreed to adopt the Joint Development Area (JDA), a scheme embraced earlier by Thailand and Malaysia, for developing oil and gas in the disputed zone without resolving exact maritime boundaries.
The original model negotiated by Thailand and Cambodia called for a 50-50 split of resources arising from the middle portion of the JDA, with sharing ratios differing on areas flanking the plot, depending on the proximity to their territorial claims.
However, Phnom Penh authorities are pressing for a 60-40 sharing ratio, unlike the 50-50 split adopted by Thailand and Malaysia on the 7,250-sq-km triangular JDA (OGJ Online, Aug. 15, 2006).
Songpop Polachan, deputy director-general of Thailand's Department of Mineral Fuels, said Thailand will insist that the Malaysia-Thailand JDA sharing model is adopted for the Thailand-Cambodia pact.
An impasse has prevented development of 26,000 sq km area in the Gulf of Thailand. The area is believed to hold substantial hydrocarbon deposits.
Negotiations are being prompted by skyrocketing oil prices and the need of both Thailand and Cambodia to find indigenous energy supplies.
In 2001, both sides agreed to adopt the Joint Development Area (JDA), a scheme embraced earlier by Thailand and Malaysia, for developing oil and gas in the disputed zone without resolving exact maritime boundaries.
The original model negotiated by Thailand and Cambodia called for a 50-50 split of resources arising from the middle portion of the JDA, with sharing ratios differing on areas flanking the plot, depending on the proximity to their territorial claims.
However, Phnom Penh authorities are pressing for a 60-40 sharing ratio, unlike the 50-50 split adopted by Thailand and Malaysia on the 7,250-sq-km triangular JDA (OGJ Online, Aug. 15, 2006).
Songpop Polachan, deputy director-general of Thailand's Department of Mineral Fuels, said Thailand will insist that the Malaysia-Thailand JDA sharing model is adopted for the Thailand-Cambodia pact.
7 comments:
Let's go 50/50 everyone, and we can have a huge party afterward!
our proposal of 60/40 in cambodia favor is right. this is because the "disputed ocean area" is facing koh kong and south of it. this area is cambodian territorial water. why should we give it away.
fucken shit here we go again....if it belongs to the fucken Thai they wouldn't negotiate......the fact that they prepare to negotiate means that the area is entirely belongs to Khmer.....it's about time ah fuck kwak hun xen die and let someone else take control....
Bullshit, don't give that to Ah Thai.
the so-called disputed areas actually belongs more to cambodia than to thailand, so a 60/40 in cambodia's favor is more like it.
Yeah, but it's not worth bargaining with our brother (Thai) over peanut. Just let it goes because we are family, and we'll lived next to each other for eternity.
On the other hand, I would agree with you if we are bargaining with EU, US, or AU...
Hell no! Thai they only want KAPIK.
Post a Comment