Thailand submits bids for Burma gas project
Bangkok - PTT Exploration and Production, a unit of Thailand's largest energy firm PTT Plc, said on Friday it has submitted bids to military-ruled Burma for more petroleum concessions.
"We have already submitted proposals for concessions on another four petroleum blocks in Myanmar (Burma) and those are in Bengal Gulf," a PTTEP spokeswoman told Agence France Presse."Myanmar is our key focus at present," she said. PTTEP's already has five projects under development in Burma, mainly in the Gulf of Martaban which has proved to have large reserves of both oil and natural gas. "We are keen to join in any new bidding Burma opens to build up our reserves amid skyrocketing oil prices," she said. PTT early this week said it has joined the race against China and India in a bid for exclusive rights on reserves in the Gulf of Bengal. The revealation came two days after Caretaker Prime Minister Thaksin Shinawatra made a whistle stop visit to Burma to meet with junta leader Senior General Than Shwe. Energy MInister Viset Choopiban said earlier that Thailand has asked Burma for exclusive rights to develop its natural-gas reserves. He asked that Thailand's biggest energy company, PTT Plc, be permitted exclusive rights to a natural-gas field in the Bay of Bengal, according to Viset. Agence France Presse and The Nation
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