Thailand, Papua New Guinea to jointly invest in energy exploration


BALI, Oct 7 – Thailand and Papua New Guinea will discuss a possible joint investment in energy and gas exploration, according to Thai Prime Minister Yingluck Shinawatra.

Ms Yingluck held talks with her Papua New Guinean counterpart Peter O’Neil today on the sidelines of the 21st Asia-Pacific Economic Cooperation (APEC) Summit, taking place at this Indonesian resort island through tomorrow.

Mr O’Neil expressed his appreciation to the Thai leader for the Thai private sector’s investment in fisheries, natural resources and energy in the Oceania country.

He asked Ms Yingluck to help coordinate with members of the Association of Southeast Asian Nations (ASEAN) to expand trade between his country and the region.

The Thai prime minister has assigned related agencies to study on industries that should be promoted in Papua New Guinea to pave the way for closer cooperation.

In response to Mr O’Neil’s request for Thai investment on energy exploration in his country, the Papua New Guinea’s petroleum minister will hold talks with the Thai energy minister on future cooperation.

Mr O’Neil also aceepted Ms Yingluck’s invitation to attend the ITU Telecom World 2013, to be held in Thailand next month.