Thailand seeks delay in taking Yetagun gas

The Petroleum Authority of Thailand (PTT) has asked to delay the purchase of incremental natural gas supplies from Myanmar's Yetagun field in the Gulf of Martaban due to a slowing of growth in Thailand's gas demand.To avoid oversupply, PTT wants to defer taking 140 MMcfd of gas under the so-called second-phase supply agreement beyond the 2004 contract date by as many as 5 years, according to a PTT source. For the time being, anyway, PTT says it remains committed to taking 260 MMcfd of gas under the first-phase of the Yetagun supply agreement, due to start in mid-2000.The Yetagun gas contract, entered into several years ago, was based on a pre-Asian-economic-crisis demand projectio...

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