PTT HAS SETBACK ON MYANMAR OFFSHORE PROJECT

Thailand's power generating monopoly has rejected a proposal by its state oil company to build a big power plant near the Thai-Myanmar border that would be the cornerstone of a proposed joint gas development campaign off Myanmar. Security and safety were cited as the prime reasons for the Electricity Generating Authority of Thailand's rejection of the Petroleum Authority of Thailand's (PTT) proposed site. That site, Three Pagoda Pass about 450 km northwest of Bangkok, is prone to

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