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Thai PTTEP sees Myanmar gas project ready in 3 years

 


October 10, 2008

Thai PTTEP sees Myanmar gas project ready in 3 years
PTT Exploration and Production, a unit of Thailand's top energy firm, said on Wednesday it expected its M-9 natural gas project in Myanmar to be completed by the end of 2011, reported Reuters.

"It will be done by the end of 2011," Asdakorn Limpiti, vice president in PTTEP's strategy and capability development division, said at the Africa Upstream 2008 oil conference in Cape Town.

The M-9 is one of five offshore blocks in the Martaban Gulf operated by PTTEP, about 66 percent owned by PTT, under a 25-year concession awarded by the Myanmar government. The $2 billion project is located about 300 km south of Yangon.

Negotiations between Thailand and Myanmar over gas supplies from the prospective field, however, have been hampered by political unrest in Myanmar.

A deal on natural gas from Block M-9 had been expected by the two countries to be finalised by the end of this year.

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