Thailand's PTT picks Marubeni-Itochu venture to supply natural gas pipeline
1/12/2017
BANGKOK (Reuters) -- Thailand's largest energy firm PTT Pcl has chosen a Marubeni and Itochu joint venture to supply a natural gas pipeline, the Thai company said on Thursday.
Marubeni-Itochu, a JV between Japanese companies Marubeni and Itochu, won bids to supply state-controlled PTT with its fifth natural gas pipeline, Chavalit Punthong, Chief Operation Officer, Infrastructure and Sustainability Management Group, told reporters.
He said the pipeline will stretch 267 miles from Rayong to Nonthaburi, just north of the capital Bangkok.
The pipeline project is expected to cost $2.8 billion and will be completed by 2020.
Reporting by Patpicha Tanakasempipat and Manunphattr Dhanananphorn
Sign up to Receive Our Newsletter
- U.S. ethane exports to China hit new roadblock with license requirement
- Australia clears Woodside to run North West Shelf LNG plant to 2070
- Egypt agrees to buy up to 160 LNG cargoes through 2026
- Shell to add up to 12 MMt of additional LNG capacity by 2030
- Woodfibre LNG sets new benchmark as world’s first net-zero LNG export facility
Comments