THE THAI-Malaysian gas pipeline, a joint project between Thailand's PTT Plc and Malaysia's Petronas, has been approved by the Thai Prime Minister Thaksin Shinawatra. The pipeline was originally due to go into operation this year, with the first stage expected to cost US$1 billion but has been plagued by political wrangling. Petronas, Malaysia's national oil firm, has a 50 per cent share.

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