ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Thailand's PTTEP to expand gas investment in Africa

Energy company plans capital investment of almost $2bn next year

Thailand's PTTEP will earmark nearly $2 billion for capital spending next year, partly for new gas developments.

BANGKOK -- Thai oil driller PTT Exploration & Production said Tuesday it will disburse $1.84 billion in capital expenditures next year, partly to finance new developments in Africa.

The amount marks a 4% increase from this year's capital spending, with $1.16 billion going to existing gas fields at home and in Myanmar, and $490 million to fresh projects in Mozambique, Algeria and Vietnam.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more