Cambodia, Thailand take US$300 billion seabed dispute to UN
A rarely invoked UN legal process is trying to untangle the two countries’ row over 27,000 sq km of oil- and gas-rich waters
The venue was the Permanent Court of Arbitration’s Singapore office, where the United Nations Convention on the Law of the Sea’s conciliation commission is being asked to settle who controls a stretch of the Gulf of Thailand with hydrocarbon reserves worth an estimated US$300 billion.
It is only the second time in Unclos’ history that the conciliation process has been used. The first, initiated by East Timor against Australia in 2016, took nearly two years to resolve.
