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PTTEP wins bid to operate gas blocks in Gulf of Thailand

But industry doubts its promise of selling at below market price to government

PTTEP, a subsidiary of energy conglomerate PTT, said it would sell gas from the Erawon and Bongkot blocks at below-market prices to the government.   © Reuters

BANGKOK--Thailand's PTT Exploration and Production, a subsidiary of state-owned energy conglomerate PTT, won a bid to explore and produce gas from two blocks in the Gulf of Thailand, beating the only competitor Chevron (Thailand) Holdings.

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