Thailand to invest in oil and gas in Myanmar

Illustrative image (Source: Internet)

Bangkok (VNA) – The Thai media said on August 19 reported that Thai and Myanmar officials plan to sign a Memorandum of Understanding (MoU) that will take Thai energy giant PTT a step closer to a major gas project across the border.

The MoU signing will take place on the sidelines of the meeting of ASEAN energy ministers slated for September 2017 in Manila, the Philippines.

Permanent Secretary of the Thai Ministry of Energy Areepong Bhoocha-oom said the signing of the agreement will pave the way for PTT to conduct a study on a 20 billion THB project on a 3-million-tonne liquefied natural gas floating storage and import in the southern city of Kanbauk.

The project is scheduled to come on stream by 2027 and its gas will be transported to Thailand’s western plants to improve the nation’s energy security.-VNA

VNA