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
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