PTTEP TO INVEST MORE IN MYANMAR

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Thailand’s energy giant PTT Exploratin & Production Pcl (PTTEP) is planning to invest more in Zawtika gas block in Gulf of Mottama in Myanmar, according to a Mizzima report.

The new investment in Myanmar will constitute about 20 percent of its total in Southeast Asia, says the report.

“More than $2 billion is planned for Myanmar, for Zawtika and also for exploration in our other block licenses and potential new ones,” an unnamed PTTEP executive is quoted as saying by Mizzima.

He also said Myanmar will become a major gas supplier to Thailand when Zawtika starts its production.