PTTEP predicts 9% sales uptick on higher outputThe Erawan gas block in the Gulf of Thailand, operated by PTT Exploration and Production Plc. PTT Exploration and Production Plc (PTTEP) expects its petroleum sales to increase by 9% next year thanks to more gas production from the Erawan field in the Gulf of Thailand. Sales in 2023 are projected at an average of 464,000 barrels per day, said Montri Rawanchaikul, president and chief executive of PTTEP. PTTEP earlier allocated $2 billion to support its investment in offshore renewable energy development, carbon capture storage technology and a hydrogen energy project. "To support growth, PTTEP is seeking investment opportunities in clean energy across various regions," he said.

Source: Bangkok Post December 15, 2023 00:21 UTC