PTT Exploration and Production Plc (PTTEP) voiced its concern to the energy authorities regarding potential barriers that may impede the continued production of gas in the Gulf of Thailand. The current license to operate in the Pailin gas block is set to end in 2028. The reoccurrence of a disruptive incident similar to the one at the Erawan gas block has prompted PTTEP’s request for regulatory authorities to oversee a seamless transition.
PTTEP previously won an auction to fill in the position left vacant by US-based Chevron Corp at the Erawan gas block. The handover at Erawan, however, was delayed by two years due to a legal spat between Chevron and the Department of Mineral Fuels about decommissioning payment responsibilities for transferable assets. This transition led to a decrease in the domestic gas supply and production.
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