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Friday, June 21, 2024

Chevron Thailand’s gas game-changer: Boosting domestic supply and breaking free from costly imports

Photo courtesy of Bangkok Post

Chevron Thailand Exploration and Production aims to boost domestic gas supply to reduce the Thai government’s reliance on costly liquefied natural gas (LNG) imports, with plans to increase petroleum production in the Gulf of Thailand.

The US-based company was granted a licence to explore and produce petroleum at Block G2/65, an area of 15,030 square kilometres in the gulf, under a production-sharing contract signed with the Department of Mineral Fuels. Chevron intends to produce natural gas at Block G2/65 and also expects to find crude oil at the site, which is near the Pailin gas block where the company is currently operating. Chatit Huayhongtong, president of Chevron Thailand, said…

“Petroleum from this block will strengthen Thailand’s energy security in the future.”

The firm is preparing to conduct a seismic survey to study the…

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