Thailand's energy minister on Sunday welcomed a decision by U.S. energy com...
BANGKOK - Thailand’s energy minister on Sunday welcomed a decision by U.S. energy company Chevron to continue negotiations rather than seek arbitration to resolve a dispute over who should pay for removing offshore oil and gas platforms.
Reuters first reported last week that the U.S. company had “temporarily suspended” a plan to seek arbitration in order to allow more time for talks with Thailand’s energy ministry, but that arbitration was still a possibility “within weeks” if talks do not succeed. “I also believe that we will arrive at the best agreements while prioritizing Thailand’s interests,” he added.
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