Move would help cut costly LNG imports
Chevron Thailand Exploration and Production wants to increase domestic gas supply to allow the government be less dependent on costly liquefied natural gas (LNG) imports, with the company ramping up petroleum production in the Gulf of Thailand.
The US-based firm was awarded a licence to explore and produce petroleum at Block G2/65, which covers an area of 15,030 square kilometres in the gulf, under a production-sharing contract signed with the Department of Mineral Fuels on May 30.
The department awarded another two licences for Block G1/65 and G3/65, spanning 20,133 sq km, to PTT Exploration and…
