PTT in Deal with Ratchaburi to Expand into SE Asia Energy

Source: Reuters 6/24/2015, Location: Asia

PTT Pcl, Thailand's largest energy firm, said on Wednesday it had signed a contract with Ratchaburi Electricity Generating Pcl to study the possibility of investing in a liquefied natural gas (LNG) receiving terminal in Myanmar.

The move is part of PTT's drive to strengthen energy security in Thailand and expand into Southeast Asia, it said in a statement.

Its two units, PTT Energy Resources Ltd and Global Power Synergy Pcl, also signed a separate contract with Ratchaburi to study the possibility of investing in coal-fired power plants in Myanmar, Indonesia and Vietnam, the statement said.


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