THE NATION
January 6, 2012
PTT is interested in investing in both upstream and downstream operations in Cambodia if the country is found to have considerable deposits of natural gas, said an executive of the firm.
Nuttachat Charunchinda, PTT's chief operating officer for downstream petroleum business, said recently that Cambodia has potential in the energy business.
Nuttachat was part of a delegation that visited Cambodia with Energy Minister Pichai Naripthaphan last month.
The executive added that PTT has yet to make a concrete plan on the matter. Its commitment to investing in Cambodia will depend on whether PTTEP, the group's exploration arm, finds sufficient amount of gas there, Nuttachat said. PTTEP has yet to conduct any exploration activities there.
Egat International is also reportedly interested in investing in producing electricity in Cambodia.
Nuttachat said PTT has expressed an interest in investing in the country to the Cambodian government and it is waiting to see what kind of opportunities exist. He added that the firm's plans for Cambodia would get clearer in the middle of this year.
PTT will also expand its retail business in Cambodia to 40 petrol stations within four or five years, from just a few stations at present, he said.
January 6, 2012
PTT is interested in investing in both upstream and downstream operations in Cambodia if the country is found to have considerable deposits of natural gas, said an executive of the firm.
Nuttachat Charunchinda, PTT's chief operating officer for downstream petroleum business, said recently that Cambodia has potential in the energy business.
Nuttachat was part of a delegation that visited Cambodia with Energy Minister Pichai Naripthaphan last month.
The executive added that PTT has yet to make a concrete plan on the matter. Its commitment to investing in Cambodia will depend on whether PTTEP, the group's exploration arm, finds sufficient amount of gas there, Nuttachat said. PTTEP has yet to conduct any exploration activities there.
Egat International is also reportedly interested in investing in producing electricity in Cambodia.
Nuttachat said PTT has expressed an interest in investing in the country to the Cambodian government and it is waiting to see what kind of opportunities exist. He added that the firm's plans for Cambodia would get clearer in the middle of this year.
PTT will also expand its retail business in Cambodia to 40 petrol stations within four or five years, from just a few stations at present, he said.
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