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Wednesday, May 1, 2024

Energy Ministry seeks to lower electricity production cost

The department says it is coordinating with all relevant parties to accelerate progress on the Thai-Cambodian joint development area in line with government policy.

According to Supalak Parn-anurak, the department’s deputy director, it is coordinating with all parties to increase natural gas production from the Erawan gas field, formerly known as G1/61. It is expected that by December 1 of this year, daily production will increase to 600 million cubic feet, up from the current 400 million cubic feet. However, the operator, PTT Exploration and Production Plc (PTTEP), recently indicated it is facing challenges in meeting these production targets.

The delay in production is partly due to issues with the crane of the K1 vessel used for installing the production platform. A new vessel is being procured, causing a delay of at least two months. Nonetheless, the company is confident that…

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