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    Reuters: Thailand's PTT Keen to Sell Stake in Egypt Gas Pipeline Business

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Summary

Thai company PTT has said, months after its Egyptian pipeline stopped operating due to militant vandalism, that it wishes to sell its stake in EMG

by: Erica Mills

Posted in:

Press Notes, Africa

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Reuters: Thailand's PTT Keen to Sell Stake in Egypt Gas Pipeline Business

Thailand's largest energy firm PTT PCL wants to sell its 25 percent stake in Egyptian company East Mediterranean Gas (EMG), which operates a now defunct natural gas pipeline, Chief Financial Officer Wirat Uanarumit said on Thursday.

State-controlled PTT has been reviewing its investments and spending plans after it reported its steepest quarterly loss on record in the fourth quarter, hit by declining oil prices and losses from fuel subsidies.

Read the full article HERE.

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