Eric Watkins
Senior Correspondent
LOS ANGELES, Aug. 14 -- Myanmar has agreed to step up natural gas production from Yetagun field to increase supplies to neighboring Thailand, according to an official from the Ministry of Energy.
He said a verbal agreement had been reached between Myanmar and PTT Exploration & Production (PTTEP), a unit of Thailand's PTT PLC. Gas from Myanmar currently makes up about 20% of Thailand's supply.
"Although the partners have agreed to increase production, it takes time to reach a final agreement," the ministry official said.
Thailand reportedly wants to buy 100 MMcfd of gas in addition to the 400 MMcfd of gas it pipes from the offshore reserves in the Andaman Sea.
That gas comes mainly from the Yetagun field, which is operated by Malaysia's Petronas, Japan's Nippon Oil, and PTTEP, and Yadana field operated by France's Total SA, Unocal Corp., and PTTEP.
Contact Eric Watkins at [email protected].
