Thai gas field squabbles persist

[Nereus]

There appears to be no end to the graft and corruption that continues in this country. Not going to post the complete article, just a relevant comment:
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Gas field squabbles persist

https://www.bangkokpost.com/business/17 ... es-persist

Decommissioning expenses have left the sector mired

The two largest gas blocks in Thailand -- Erawan and Bongkot -- will see new 10-year contracts start from 2022-23 with new operator PTT Exploration and Production (PTTEP).

The government made an official announcement on Dec 12, 2018 that PTTEP won the auctions for the two gas fields. PTTEP joined with the UAE's Mubadala Petroleum on the Erawan (G1/61) concession, while subsidiary PTTEP Energy Development submitted a solo bid for the Bongkot (G2/61) concession...………………………………………………………..

[quote]"The worst-case scenario is Thailand will suffer from yet another stupidity fee, imposed by the government," the source said [/quote]

The source said overseas investors are keeping track of the issue because they want reassurance that Thailand will respect concession contracts and laws for foreign investment projects.