PTTEP plans Middle East expansion for greater petroleum output and renewable energy

PTT Exploration and Production Public Company Limited (PTTEP) announced its strategic plans to centre business operations in the Middle East to expand petroleum output and explore opportunities for innovative energy enterprises, revealed Montri Rawanchaikul, PTTEP’s Chief Executive and President.

On the domestic front, the company aims to escalate gas production at the Erawan gas field to 800 million standard cubic feet daily by April of next year. Such a boost in production is expected to decrease Thailand’s reliance on imported LNG (Liquefied Natural Gas), particularly as elevated LNG prices last year were cited as the cause of the country’s escalated energy bills.

In terms of its international operations, PTTEP views the Middle East as a critical region for augmenting its petroleum production and launching additional businesses such as solar…