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Leakage causes loss of supplies for Thai PTT


April 3, 2008

Leakage causes loss of supplies for Thai PTT

Thailand’s PTT Exploration and Production Plc, a shareholder of Myanmar's Yetagun gas field in the Gulf of Martaban, is losing gas supplies of about 400-500 million cubic feet per day (cfd) due to a leakage in the offshore gas pipeline.

Malaysia's Petronas, which operates the gas-rich field, which informed PTTEP of the leak Tuesday, was trying to find the cause, Thai company’s chief executive officer Anon Sirisaengtaksin was quoted as telling Reuters.

PTTEP, a subsidiary of Thailand’s top energy firm PTT, owns 19.3 percent of the Yetagun gas field and Petronas has a 40.9 percent stake. Other shareholders include Myanmar Oil and Gas Enterprise and Nippon Oil Exploration (Myanmar).

PTTEP operates five blocks in Myanmar and is a minority partner in the Yetagun and Yadana gas developments. About 1.1 billion cfd of gas output from the two fields is exported to Thailand.

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