Thailand's PTT Exploration and Production Pcl said on Monday it was in talks with Malaysia's Petronas about exploring for more gas at the Malaysia-Thai Joint Developping Area (JDA) in the Gulf of Thailand.
The move is aimed at meeting rising natural gas demand in Thailand and reducing dependence on oil imports after a surge in crude oil prices, Chief Executive Anon Sirisaengtaksin told reporters.
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Source: Reuters
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