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    Bangkok Post: PTTEP to Start Rovuma Operation Soon

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Summary

Thailand's PTTEP says it plans to start operation of its offshore gas block in Mozambique's Rovuma Area 1 in the second half of this year

by: Erica Mills

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Press Notes, Africa

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Bangkok Post: PTTEP to Start Rovuma Operation Soon

PTT Exploration and Production Plc (PTTEP), Thailand's only SET-listed upstream petroleum company, plans to start operation of its offshore gas block in Mozambique's Rovuma Area 1 in the second half of this year.  

Chief executive Tevin Vongvanich yesterday said the facility's total cost stood at US$20 billion, and the first lot of liquefied natural gas (LNG) would be produced in 2019, with annual capacity of 12 million tonnes. PTTEP bought 8.5% of the venture to develop the Rovuma gas block and plans to invest US 1.5 billion in the project. 

Read the full article HERE.

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