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Thailand's PTT to up gas investment as country looks beyond coal

Plans call for billions in spending on pipelines, terminals and offshore drilling

PTT looks to invest in gas pipelines and LNG terminals, as well as develop two gas blocks in the Gulf of Thailand.   © Reuters

BANGKOK -- State-owned energy group PTT will spend billions of dollars over the next decade to increase Thailand's natural gas supply, supporting the government's efforts to diversify the country's coal-heavy energy mix.

Plans for the five years through 2023 call for 167 billion baht ($5.2 billion) in investments, much of which will go into infrastructure needed to supply gas power plants.

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