Malay-Thai JDA gas infrastructure project poised for launch

09/27/1999
The $1.03 billion Malay-Thai gas infrastructure project that includes a binational pipeline network and a world-class natural gas processing complex appears poised to launch.The Thai cabinet on Sept. 14 formally flashed a green light for the Petroleum Authority of Thailand (PTT) to move ahead with its 50-50 joint venture with Malaysian state oil firm Petronas to undertake the ambitious scheme to tap the abundant gas resources lying in the Joint Development Area (JDA) on the two countries' continental shelves.At the same time, Thai ministers approved a draft heads of agreement for the PTT-Petronas joint venture to purchase natural gas from the operators of the three gas-bearing blocks ...
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