FRIDAY, March 29, 2024
nationthailand

GAS FIELDS BIDING SOON 

GAS FIELDS BIDING SOON 

The Mineral Fuels Department of the Energy Ministry is confident of opening biding for the Bongkot and Erawan gas field this year, said director-general Veerasak Pungrassamee yesterday, adding that the plan will be submitted for cabinet approval this month. 

According to the Petrolium Act 2017, biding can be called in three ways: concession, production sharing contract, and service contract. However, the cabinet has never approved a biding for product sharing and as such, the department will conduct a term of reference following approval to ascertain the country’s benefit, he said.
Meanwhile, PTT Plc has agreed to buy all nature gas from both fields, he said.
 

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