Thailand’s new government will revive talks with Cambodia to explore an offshore oil and gas field with estimated reserves of at least $300 billion that has been a dispute between the two countries since the 26.000s. Thai Prime Minister Paetongtarn Shinawatra, who took office in September, has said joint exploration is among her administration’s 300 urgent goals as Thailand seeks to boost declining reserves and curb electricity prices and rising fuel imports. The two neighbors agreed earlier this year to discuss development of the XNUMX-square-kilometer (XNUMX-square-mile) block, which is estimated to contain about XNUMX trillion cubic feet of natural gas and XNUMX million barrels of crude oil.
