PTT Exploration and Production (PTTEP), a subsidiary of Thailand's national oil and gas conglomerate PTT, already has several investments in Myanmar. PTTEP operates six exploration and production projects in Myanmar, of which four are offshore. The company started producing gas from the offshore Zawtika project in 2014, bringing up 320 million to 345 million cu. feet per day. Around 240 million cu. feet is exported to Thailand, while 10 million to 100 million cu. feet is sold to local gas-fired power plants.
To use of the surplus gas, PTTEP plans to invest in gas fired power plant in Myanmar. It has partnered with Global Power Synergy, an electricity and utilities unit of PTT, for the feasibility study for the medium size gas-fired power plant expected to be located in southwestern Yangon and supply power to the city and nearby areas.
The plans for the proposed power plant are already submitted to Myanmar's energy ministry.
Meanwhile PTT is also planning to join Myanmar’s new bidding round for oil and gas exploration rights, expected to be open by end of 2018.
Find out more about gas-fired power projects in Myanmar at CMT’s 5th MPS (Myanmar Power Summit) on 15-16 November, 2018 in Yangon.