PTTEP puts the brakes on $2 billion gas development

Thailand’s national upstream company has elected not to proceed — at least for the foreseeable future — with its planned $2 billion M-3 gas-to-power project in Myanmar.

Before the March 2021 military coup, PTTEP was advancing plans for a domestic gas-to-power project that would have involved exploiting the Aung Sinkha field on Block M-3.

Additional feed gas for the proposed project could have come from the operator’s producing Zawtika field, also offshore Myanmar.

The integrated gas-to-power project was understood to have called for two wellhead platforms to be installed on Aung Sinkha, new offshore and onshore gas pipelines, a 600-megawatt power plant to be constructed in Ayeyarwady region and a transmission line.