Thailand's PTT interested in Petronas offshore gas stake
(Reuters) -- Thailand's PTT Pcl is interested in bidding for a stake in the SK316 offshore gas block in Malaysia's state of Sarawak, Chief Executive Thewin Wongwanich said on Wednesday.
Reuters reported on Monday that Malaysian state-owned oil and gas firm Petronas aimed to sell a large minority stake in its prized upstream local gas project for up to $1 billion.
"Petronas are interested in selling SK316 and we are interested because this is an upstream business," Thewin told reporters in Bangkok.
Thewin said the board of PTT, the parent company of PTT Exploration and Production PCL (PPTEP), had approved $5.7 billion for investment over the next four years, especially in the petroleum business.
Reporting by Manunphattr Dhanananphorn; Editing by Clarence Fernandez
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Five energy market trends to track in 2026, the year of the glut
- Venture Global wins LNG arbitration case brought by Spain's Repsol
- Trinity Gas Storage reaches FID on Phase II expansion
Comments