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Published on January 10, 2008

Kalantar Mastan Mohamed, president and CEO of the Thai-Malaysian joint venture, which produces natural gas in the Gulf of Thailand, said the assistance included Bt10 million from the TTM Social Development Fund and the rest from the TTM Zebra Dove, the TTM Fisheries Development Fund and the CRT Special Development Scheme.

"We have been giving out these funds since we started operation two years ago as part of our social obligation," he said.

Mohamed also said TTM had been awarded ISO 9001 Quality Management System, ISO 14001 Environmental Management System and TIS 18001 Occupational Health and Safety Management System accreditation.

"We achieved three systems of the Integrated Management System on July 27, 2007, which was ahead of our target of December 31, 2007," he said.

TTM, owned by Malaysia's Petronas and Thailand's PTT, operates the Thai-Malaysia Gas Separation Plant in Songkhla's Chana district. It started supplying natural gas in 2006 as part of the trans-Asean Gas Grid project.

It supplies natural gas to the Prai power plant, Petronas's Gurun fertiliser plant, the Gelugor power plant, the Perlis power plant, the Kertih refinery and Gas Malaysia, which resells it to industries.

The project, costing US$800 million (Bt26.64 billion) and one of the biggest investments in southern Thailand, involves onshore and offshore pipelines that transport gas from the joint-development area (JDA) off the two countries' common land border to the Peninsular Gas Utilisation (PGU) pipeline at Changlun in Malaysia's Kedah state.

Under the agreement, Petronas and PTT share costs and net profit equally, with both parties buying natural gas from the JDA on a 50-50 basis.

The joint venture was mooted in February 2000 to transport and process natural gas from gas reserves in the JDA.

The Nation