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Friday, May 10, 2024

PTTEP looks to Mideast, Malaysia

PTTEP is increasing gas production at its Erawan gas block in the Gulf of Thailand.

SET-listed PTT Exploration and Production (PTTEP) plans to increase its petroleum production capacity in the Middle East and Malaysia to brace for the depletion of domestic gas and oil supply within a decade.

Energy analysts predict oil and gas produced in the country will shrink, causing Thailand to import more liquefied natural gas (LNG), said Sumrid Sumneing, executive vice-president…

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