Growing concerns over the vulnerability of the Malacca Strait, a key artery in world trade, have lead Thailand to revive the idea of an oil pipeline.
PTT, the Thai national oil company, says the pipeline would cut seven days off tankers’ voyages between the Gulf and Far east destinations such as China and Japan.
The company suggested Sinopec, the Chinese oil company, was ready to invest in the pipeline which, PTT said, could cost $500m and could be completed by the end of the year.
