PTTEP predicting gas sales to exceed its 2010 forecast

 01 October 2010 01:16 GMT

Thailand’s national upstream company PTTEP expects gas sales to exceed its 2010 forecast due to increasing domestic demand and the start-up of a sixth gas separ­ation plant in the country, writes Amanda ­Battersby.

PTTEP forecasts gas sales this year will be as much as 5% higher than earlier predicted and at the same time is speeding up development at its South Bongkot project, which is expected to start flowing in early 2011.

Under the company’s $50 billion, 10-year investment plan, ­PTTEP aims to more than treble its natural gas output to 900,000 barrels of oil equivalent per day, PTTEP’s executive vice president for strategy and business development Asdakorn Limpiti told the Bangkok Post. “We have seen demand growing substantially in the third quarter in line…

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