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

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

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. 

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

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.

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

      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.

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

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.

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

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.

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

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.

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

  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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