Thailand joins Asia gas-reserves search
Facing voracious demand for energy, Asian countries are planning either to increase imports or seek new upstream opportunities
Thailand's PTT Exploration & Production (PTTEP) is chasing gas supplies everywhere from Mozambique to the Gulf of Mexico, as well as Southeast Asia and the Middle East. It's doing so in a year that should, according to GlobalData, produce a host of licensing opportunities under more hydrocarbon-friendly fiscal regimes throughout Asia and Oceania, as other countries wake up to the threat of imminent shortages. For instance, under the new revenue-sharing terms of the Hydrocarbon Exploration Licencing Policy (HELP), India will launch its first bidding round, while Indonesia will auction off more areas under its gross-split regime. The demand for foreign direct investment is rising rapidly.
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy