Wednesday, December 30, 2009

Thai PTT to purchase gas from Zawtika Field

PTT to sign a new gas deal in the Zawtika Field in the Gulf of Martaban of Burma. Watchara Kannika, deputy spokesperson of Thai Government’s House said in a press conference on Tuesday that the Thai cabinet approved the proposal of the National Energy Policy Committee for the new gas deal. “The field in M9 block can produce 300 million cubic feet per day. Of that, 240 million cubic feet will be supplied to Thailand and 60 cubic feet used in Burma as price from this field. The price is the same as that of gas from Yadana and Yetagun fields,” he said, according to a report in Thai News Agency website. Thailand’s Energy Minister Wannarat Charnnukul said on Monday after he chaired a meeting of the National Energy Policy Committee, which endorsed a five-year supply plan. The demand is expected to increase to 5.142 billion cubic feet of gas per day by 2015. The MoU is worth more than US$1 billion (Bt33.29 billion) and will see a supply of gas for 25 to 30 years. Gas transmission from the field will start in 2013, Wannarat said.The gas deal with Burma by the Thai government has been urged for revision by activists since 2007 after PTT signed an exploratory agreement with the generals to look for gas in the M9 Block in the Gulf of Mataban.

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