Thailand’s PTT considers taking stake in Malaysia gas facility


Dateline 2017-07-20, The Star:

Thailand’s state-owned oil and gas giant PTT Plc is considering taking a stake in a natural gas liquefaction plant to be built in Malaysia, a company spokesman said on Thursday.

The PTT board will on Friday consider the project, to be built with Malaysia’s Petronas, making a decision on the size of any potential stake, the spokesman added.

That came after the Bangkok Post on Wednesday cited Wirat Uanarumit, chief operating officer of PTT’s upstream petroleum and gas business, as saying that the company was looking to hold a 10% stake in the new facility.

Petronas did not immediately respond to a request for comment from Reuters.

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