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Chevron and Thailand at loggerheads over gas field transfer

US energy giant opposes retroactive law requiring it to pay $2bn in shutdown costs

A natural gas production facility in the Gulf of Thailand. With Chevron and Thailand at an impasse over who will pay project decommissioning costs, Chevron restarted arbitration on Oct. 3.

DENPASAR, Indonesia -- U.S. energy producer Chevron has restarted arbitration with Thailand following the breakdown of negotiations over decommissioning costs at one of the country's biggest gas fields, in a dispute that risks severe disruption to the country's energy production.

Thai authorities have a lot on their plate. They are locked in a standoff with protesters in Bangkok, who are demanding the current government step down and reforms to the monarchy. In the energy sector, they are tussling with multinationals.

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