PTTEP

Mozambique Oil & Gas: PTTEP to decide on Mozambique LNG project by 2019

Posted on November 20, 2018November 20, 2018 by Mozambique Resources Post

PTT Exploration and Production Plc (PTTEP) plans to make a final investment decision in 2019 to develop a liquefied natural gas (LNG) production plant in Mozambique’s Rovuma Offshore Area 1 project.

Global Oil & Gas: Thailand’s PTTEP Q2 profit drops 50 percent

Posted on July 26, 2018 by Mozambique Resources Post

Thailand’s PTT Exploration and Production Pcl (PTTEP) reported on Thursday a 49 percent drop in net profit on higher expenses and a weaker baht.

Mozambique Oil & Gas: Energy Minister in Thailand to secure 2.6M/t Anadarko LNG sale

Posted on July 18, 2018July 18, 2018 by Mozambique Resources Post

The commercial promotion of natural gas to be extracted over the next decade in the Rovuma basin in northern Mozambique is one of the issues on the agenda of the Minister of Mineral Resources and Energy of Mozambique on a visit to Thailand, the Ministry said in a statement released in Maputo.

Global Oil & Gas: Mozambique LNG, Algeria to Help PTTEP Boost Output

Posted on February 5, 2018 by Mozambique Resources Post

Projects in Algeria and Mozambique will help Thailand’s state-run oil and gas firm PTTEP to boost output over the next five years. The company expects that taking the FID on the projects will aid in boosting output.

Global Oil & Gas: PTTEP Plans Expenditure Of Around $3B In 2018

Posted on December 20, 2017December 20, 2017 by Mozambique Resources Post

BANGKOK, (Reuters) – Projects in Australia, Africa and the Americas will account for 9 percent of capital expenditure. These include the PTTEP Australasia project and Mozambique Rovuma Offshore Area 1, where a final investment decision is under consideration.

Global Oil & Gas: PTTEP reviews investment in five overseas sites, Mozambique included

Posted on November 23, 2017 by Mozambique Resources Post

PTT Exploration and Production Plc (PTTEP) president Phongsthorn Thavisin said the company was reviewing its investment in a site in Mozambique, an oil sand field in Canada, the M3 field in Myanmar, the Hassi Bir Rekaiz field in Algeria, and the Cash Maple field in Australia.

Global Oil & Gas: PTT eyes project investment to secure LNG supply

Posted on August 14, 2017 by Mozambique Resources Post

Thailand’s PTT, with a 8,5% stake in the Mozambique LNG project, is aiming to secure smaller stakes in Australian liquefied natural gas projects to triple its LNG imports by 2022 as the domestic natural gas production diminish. The company already holds an 8.5 percent in Anadarko-led LNG project proposed for northern Mozambique, but Amranand did not say whether the company is interested in increasing its stake in the project.

Global Oil & Gas: Thailand’s PTT forms global LNG trading unit

Posted on June 28, 2017 by Mozambique Resources Post

Thailand’s state-owned PTT which is also Anadarko’s partner in the Area 1 block in the Rovuma gas basin offshore Mozambique has launched a global liquefied natural gas (LNG) trading and marketing arm.

Global Markets: Thailand’s PTT Looking To Spend $11B On Oil, LNG Projects

Posted on March 21, 2017 by Mozambique Resources Post

Thailand’s state-owned oil and gas company PTT is seeking investment opportunities for its $11 billion in cash and marketable securities to make up for the decline in oil and gas reserves to 695 million barrels in 2016. This amount will only last for five years at current rates of production, according to analysts, which makes the situation close to critical.

Global Oil & Gas: PTT to aggressively expand LNG import capacity

Posted on February 10, 2017 by Mozambique Resources Post

Thai PTT is looking to expand the capacity of its only LNG import terminal from 5mn mt/yr to 11.5mn mt/yr and also plans to build a 7.5mn mt/yr second terminal, CEO Tevin Vongvanich told The Nikkei February 8. Thailand has been forced to look for imported gas as local supplies have started falling while domestic demand is growing.

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