Thailand’s Public Company Exploration and Production (PTTEP), the Asian nation’s national energy provider with increasing natural gas and LNG stakes, said it was gearing up to develop a carbon-capture and storage (CCS) project in a gas field offshore Thailand.
Thailand PTT, the nation’s oil and gas company, said it was seeking to become a regional trader of liquefied natural gas and to increase small-scale LNG distribution in southeast Asia with the help of its current LNG import terminal and a second facility under development.
PTTEP of Thailand, the oil and gas producer and LNG stakeholder in Mozambique and Malaysia, reported a first-half jump in net profits and in revenues amid higher prices and volumes as it advanced with a strategy of expanding its project portfolio.
Tokyo Gas, the utility and importer of around 12 million tonnes per annum of LNG to Japan, has helped start the first non-state natural gas distribution business in Thailand in a joint venture with Japanese trading house Mitsui and three Thai companies.