Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Lundin Oil (LOILY, LOILB Sweden) -- Ignore unavailable to you. Want to Upgrade?

To: Tomas who wrote (1310)	9/14/1999 10:45:00 PM
From: Tomas	Read Replies (2) \| Respond to of 2742

Malaysia - Thailand: $1bn pipeline backed - Financial Times, September 15 By Ted Bardacke in Bangkok Thailand's cabinet yesterday approved a plan by the state-owned Petroleum Authority of Thailand to invest more than $500m in a natural gas pipeline project with neighbouring Malaysia. The 350km pipeline will be able to carry 1bn cubic feet of natural gas per day from the Gulf of Thailand to Thailand's Songkhla province and then across the Malay peninsula to hook up with a pipeline network in northern Malaysia. Malaysia's state-owned oil company, Petronas, will pay for the other half of the $1.03bn project. Malaysia's announcement nearly two years ago that it would back the pipeline project was part of a series of moves that saw the government breaking with an fiscal austerity plan inspired by the International Monetary Fund. The project is also one of the largest investments by the Thai government since the onset of the country's economic crisis. It is also subject to intense opposition from environmental groups in southern Thailand. Thai officials said construction would not begin until a environmental impact assessment was carried out.