Prolonged Thai-Cambodian talks lead to huge shortage of natural gas and its

As per a report from the Department of Mineral Fuels, the amount of natural gas from fields located in the offshore Gulf of Thailand area would slowly decline over the next 12 to 18 months. This means that the country's petrochemical industry, which has been relying heavily on raw materials made from natural gas, will face a major shortage in their manufacturing process. As per The Nation, Thai energy minister has urged PTT to urgently prepare for new challenges as talks about overlapping territorial claims between Thailand and Cambodia have been prolonged causing a huge shortage of natural gas and its by-products. Should the issue get settled in the next year or two, then it would take another 10 years before Thailand can start drilling for natural gas in the area. He said the petrochemical industry would need to make adjustments to deal with the situation when there is a low supply of natural gas.