Thailand to import gas from Myanmar’s M9 late 2013
August 4, 2009: Bangkok, Thailand plans to import natural gas from offshore Block M9 in the Gulf of Martaban in Myanmar in late 2013, Energy Minister Wannarat Charnnukul said on Tuesday. Sources: Irrawaddy News Thailand’s PTT Exploration and Production (PTTEP) PTTE.BK was expected to sign a gas sales agreement with parent company PTT PCL (PTT.BK) by the fourth quarter of this year, Wannarat told reporters. “The two sides will discuss some details and then propose the issue to governments of both countries for approval,” he said. PTTEP is expected to supply an initial 300 million cubic feet per day (mmcfd) from M9, of which 240 mmcfd would be delivered to Thailand and the rest to Myanmar, Wannarat said. PTTEP’s subsidiary owns 100 percent of Block M9, located about 300 km (185 miles) south of Yangon. It is expected to have petroleum reserves of 1.5 trillion cubic feet per day and needs at least $1 billion for investment, he said.
