Wintershall Dea GmbH, billionaire Mikhail Fridman’s energy venture with BASF, is reportedly in advanced talks to sell its minority stake in a Middle Eastern natural gas project to an arm of Thailand’s PTT.
(Bloomberg) Thailand’s largest natural gas producer is ramping up output to avoid a renewed power crisis. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Election With Primary WinState-controlled PTT Exploration & Production Pc
State-controlled PTT Exploration & Production Pcl plans to double gas production at Erawan, its biggest field, to 800 MMcfd in early 2024, said Chief Executive Officer Montri Rawanchaikul. Output at Bongkok, its second largest, will be raised by about 10% next year, he said.
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) anticipates its domestic oil and gas (O&G) production peaking at about two million barrels of oil equivalent per day (boepd) by end of 2030, with natural gas remaining as the dominant component throughout.
A dozen of Thailand's top executives on Friday shared their expectations of the incoming government, expecting to contribute to the development of future national policies and show their support for the eight-party coalition to form a new government quickly and smoothly.