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
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing