Thursday, 3 April 2014

PTTEP’s gas project begins to show growth

Thailand-based PTT Public Company Limited (PTTEP) last week announced that its Zawtika project in the Gulf of Martaban has started producing natural gas and feeding into the domestic supply.

According to a release, state-owned PTTEP have been delivering 50 million standard cubic feet of natural gas per day (MMSCFD) since March 14 to Myanmar Oil and Gas Enterprise with the intention of doubling that amount come April in order to meet Myanmar’s growing energy demand.

PTTEP’s natural gas discovery in the Zawtika project, located in the M-9 and M-11 offshore blocks, occured in 2007, starting production in this year.

Last year, Myanmar’s natural gas demand was estimated to be 700 MMSCFD, with just 300 MMSCFD supplied, though the Ministry of Energy expect that figure to grow to 425 MMSCFD this year.

Earlier this month, PTTEP) pledged to spend US$3.3 billion over the next five years to develop gas projects throughout Myanmar, including on the Zawtika project.

source: The Myanmar Times
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