THE feasibility of constructing a gas pipeline from Cambodia’s offshore oil exploration sites to the port of Sihanoukville is currently being investigated by an international group of companies. Chevron, along with Japanese firm Mitsui and South Korean electronics group LG are understood to be examining the feasibility of constructing the pipeline, an official from the Investment Committee of the Cambodian National Assembly is reported to have said.
However, Mr Phan Sina said no company has yet been selected to build the pipeline, which is expected to transport natural gas from Block A, where Chevron has been drilling test wells. The pipeline study brings Cambodia one step closer to the much-anticipated production of oil and gas, and the country's government is preparing an oil and gas management law in anticipation of its oil and gas production. At least 700 million brl of crude oil are estimated to lie off Cambodia's coast and the government expects to collect revenues from petroleum by as early as 2010.
Basket is empty.
