nvestor interest waned because Beijing has become increasingly focused on boosting its own transnational pipelines, including one between Siberia and northern China, according to Prasert.Earthquakes were cited as a consideration and, I suspect, terrorist activity in the area might have come into play, too.
Investors from South Korea and Japan also have yet to sign up for the project, which envisions a link between Phang Nga province on the west coast with Nakhon Si Thammarat on the east and new refineries at either end.
The project would have shortened the distance from oil producers in the Middle East to consumers in Southeast Asia and the Far East and avoided piracy problems often encountered through the Malacca Straits...
Update: Here's what the plan was:
(source)
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