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BP: PTT clear to buy gas from
- Subject: BP: PTT clear to buy gas from
- From: suriya@xxxxxxxxxxxx
- Date: Wed, 08 Apr 1998 03:56:00
April 8, 1998
PTT clear to buy
gas from
Thai-Malaysian
development area
The cabinet yesterday gave the green light for the Petroleum
Authority of Thailand (PTT) to sign an agreement to purchase
natural gas from the Joint Development Area (JDA) on the
Thai-Malay continental shelves.
Signing of the heads of agreement is scheduled for April 22 in
Songkhla. Both the Thai Prime Minister Chuan Leekpai and his
Malaysian counterpart Mahathir Mohamed are expected to be
present at the ceremony.
The heads of agreement establishes the basic terms for the gas
supply contracts to be developed from the three blocks in the
JDA which covers a total area of 7,250 square kilometres in
southern Gulf of Thailand.
The Petroleum Authority of Thailand (PTT) and Malaysia's
Petronas will purchase the JDA gas which is expected to start
flowing in the year 2001 at the initial rate of 300 million cubic
feet per day (MMcfd).
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