Thailand’s state-run energy firm, Public Company Exploration and Production (PTTEP), has awarded US engineers McDermott a sizeable contract for transportation, installation and commissioning of a project offshore the state of Sabah in east Malaysia.

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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.

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Thailand’s state-owned energy company said the Yadana natural gas project in neighbouring Myanmar was key to the energy security of both Southeast Asian nations and the Thais will take over the operatorship after the withdrawal of France’s TotalEnergies over human rights issues.

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Thailand’s state-run exploration and production company PTTEP, which has stakes in Malaysian floating LNG and a Mozambican LNG project, reported almost 40 percent of growth in earnings in the first nine months due to higher natural gas output and prices.

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