PTTEP to Spend US$3.3 Billion in Burma
27 February 2014
Thailand’s PTT Exploration and Production is planning to spend US$3.3 billion, or 20 percent of its total capital expenditure over the next five years, in Burma, according to a report by The Bangkok Post. The Thai energy giant is currently investing in seven oil and gas exploration and production projects in Burma and operates several others, including the Zawtika offshore gas project in the Gulf of Martaban. Zawtika, which comes on stream this year, is expected to initially produce 300 million cubic feet per day, for use in both Thailand and Burma. When the project starts to supply gas to Thailand via a new pipeline, Burma will become the biggest gas supplier to Thailand, the report said.