East Timor Floats Cambodia’s LNG Options
Published on
May 17, 2013 by Luke Hunt
By Luke Hunt
AsiaWATCH — A push towards using massive offshore refining pontoons for processing crude oil and LNG is gaining momentum and forcing governments, including Cambodia, to rethink their growth strategies after pinning their economic hopes on traditional oil and gas jobs.
It’s a global phenomena but one that is finding its mark in Southeast Asia where high crude prices had improved the economic viability of offshore oil and gas fields in areas once difficult to reach and hamstrung by a lack of development such as ports and sometimes difficult politics.
This was the case with Indonesia, Cambodia, The Philippines and East Timor.
As the boom in oil prices gathered pace, less economical fields became viable and governments were....
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