PTTEP to sell Australian gas field in 2023PTT Exploration and Production Plc (PTTEP) is continuing to refocus its investments on new petroleum sites, with the latest plan to sell the Cash and Maple gas and condensate field in Australia. "If we shift to liquefied natural gas production, the business will not be viable because facility costs are too high." The sale of the Cash and Maple field is in line with PTTEP's plan to direct its investments to the Middle East and Southeast Asia. In 2018, the company sold the Montara petroleum field in Australia to Jadestone Energy (Eagle) Pty. In another development, PTTEP decided to delay the development of an integrated gas-to-power project to generate electricity in Myanmar.
Source: Bangkok Post January 23, 2023 00:07 UTC