Mr. Montree Lawanchaikul Chief Executive Officer PTT Exploration and Production Public Company Limited (PTTEP) or PTTEP revealed that the company has notified joint ventures in the Yetagun project. to request the withdrawal of investment in the project, including cessation of investment in Taninthayi Pipeline Company LLC (TPC), a company that operates natural gas pipelines from the Yetagun field to Thailand The total investment is 19.31% of PTTEP in the Yetagun Project. will be transferred to the remaining contributors in the project free of charge This will be officially effective upon approval from the relevant government agencies.
cessation of such investment It is part of the Company’s petroleum exploration and production project management strategy. to focus on projects that are important to building energy security for the country
PTTEP attaches great importance to natural gas production. which is the main fuel for generating electricity It is an important infrastructure for living and improving the quality of life, as well as being an important part that will help build energy security and economic development as well.
Yetagun Project Located off the coast of the Gulf of Motama, in 2021, the Yetagun Project has an average natural gas sales volume of approximately 17 million cubic feet per day. and about 560 barrels of condensate per day.