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Thailand to announce gas concession winners in February
Thailand’s energy ministry said June 22 that it will announce the winning bids to take over the concessions to operate both the Erawan and Bongkot offshore natural gas…
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Thai PTTEP Suspends Onshore Field
Thai upstream company PTTEP has temporarily ceased all operations in the land reform areas in the S1 project June 3, 2017. However the production affected is a relatively small…
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Vietnam OKs $1.27bn Gas Pipe
Vietnamese government has awarded a licence to state-owned Petrovietnam and its foreign partners to invest $1.27bn in a gas pipeline in southern Vietnam, the country’s…
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Jogmec to Help Thai PTTEP Improve Field Productivity
Japan Oil, Gas and Metals National Corporation (Jogmec) signed a memorandum of understanding with Thai PTTEP March 8 for collaboration on developing new technologies to enhance…
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KrisEnergy's 2016 Loss Mounts
Southeast Asia focused KrisEnergy has reported a $237mn net loss for 2016 full year owing to a $303.4mn non-cash charge for impairments on producing assets and write-offs related…
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Thai PTT to Aggressively Expand LNG Import Capacity
Thai PTT is looking to expand the capacity of its only LNG import terminal from 5mn mt/yr to 11.5mn mt/yr and also plans to build a 7.5mn mt/yr second terminal, CEO Tevin…
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Shell Sells Stake in Thai Bongkot Gas Field
Shell on January 31 said it is selling stake in its gas assets in Thailand to Kuwait's Kufpec for $900mn. The deal, like Shell's up-to-$3.8bn sale of North Sea assets announced…
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Siemens to Build Thai Gas-Fired Plant
German turbine-maker Siemens and Japan's Marubeni Corporation have been awarded a contract to deliver a turnkey combined cycle power plant to state-owned utility Electricity…
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Thai PTTEP Back in Black
Thai state owned producer PTTEP has reported a profit of $372mn for the year 2016 compared with a loss of $854mn in the year before despite a volatile and depressed energy prices…
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Thai PTTEP Sets 2017 Budget at $2.9bn
Thai PTTEP has announced its 2017 budget will be $2.9bn. Out of the total, $1.64bn will be capital expenditure and the remaining $1.26bn will be operating expenditure, PTTEP said…
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Jera Brings 1st US Shale LNG into Japan
Jera, the 50-50 supply & trading joint venture of Japanese utilities Tokyo Electric and Chubu Electric, announced that it imported the first US LNG cargo liquefied from shale…
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BP Signs LNG Deal with Thai PTT
BP announced December 29 it has entered into an agreement to supply Thailand’s state-run PTT with 1 million metric tons of LNG per year for 20 years starting 2017. The LNG…
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BP Sells LNG to Thai PTT in 20-yr Deal
The UK major BP is to sell about 1mn metric tons/yr of LNG to Thai energy conglomerate PTT for 20 years under a sales and purchase agreement announced December 29. The…
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Tokyo Gas Picks Up Stake in Thai Gas Fired Power Plant
Tokyo Gas on October 3 said it has completed the purchase of stake in a Thai gas fired power plant. The Japanese entity completed the acquisition of 28% interest in Eastern…
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NGW Magazine: Minor Asian Buyers Mop Up LNG
The drop in LNG demand in some of the world’s biggest buyers has forced sellers to find alternative homes in the short term; long-term solutions are needed though and…
