Jan 1 (LNGJ) - The Thai energy company, PTT Exploration and Production, said it planned to invest 16.17 billion Thai Baht ($490 million) to support the final investment decisions in key projects during 2019, including the Mozambique LNG joint venture in Offshore Area 1 of the Rovuma Basin as well as other foreign projects in Algeria and Vietnam. “During 2019 PTTEP will move forward through a more active strategy, including in the Gas Value Chain business,” said Phongsthorn Thavisin, PTTEP Chief Executive. He added that total capital expenditure during the year would be around $3.25 billion.
Thai LNG funding
Written by John McKay
Tuesday, 01 January 2019
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