PTTEP closes up on M9 gas deal
State-controlled PTT Pcl, as a buyer, will sign the gas deal with sellers, which include state-owned Myanmar Oil and Gas Enterprise and PTTEP International, a unit of PTT Exploration and Production (PTTEP), he told a news conference.
PTTEP’s subsidiary owns 100% of Block M9, located about 300 km (185 miles) south of
PTTEP is expected to supply an initial 300 million cubic feet per day from M9, of which 240 mmcfd would be delivered to
About 965 mmcfd of gas from the nearby Yetagun and Yadana fields is exported to
The output from the Zawtika field will raise
PTTEP yesterday posted a better-than-expected first-half net profit growth of 72% to 21 billion baht on higher commodity prices and increase in output.