Thai state-owned PTT Exploration and Production Plc PTTEP signed a petroleum sharing contract with the Myanmar government Wednesday. Thai Energy Minister Arak Chonlatanon and his Myanmar counterpart U Than Htay on Wednesday witnessed the signing of a production sharing contract for two onshore petroleum blocks — PSC-G and EP-2 in the Central Myanmar Basin, west of Naypyidaw.
The Thai energy minister said Thailand also has a project to produce electricity in the short run to support Myanmar due to the rapidly growing demand for energy in Myanmar and its hosting of Southeast Asian Games in Naypyidaw next year.
Tevin Vongvanich, PTTEP president and chief executive, said the two blocks encompass about 15,000 square kilometres and about US$24 million will be spent in the first three years of exploration.The new energy source will be partly produced for domestic use in Myanmar.After Myanmar opened the country, the European Union lifted its economic sanctions against Myanmar and the U.S. eased its restrictions on Myanmar, changes which are leading to more industrial investment and higher energy use in Myanmar.
Thai Government Launches “Factory Sandbox” Scheme to Protect 3 Million Jobs
The plan will focus on plants which employ at least 500 people and will build confidence among both Thai and foreign investors at a time when supply chains in rival countries are shutting down.
BANGKOK (NNT) – Thailand’s government has launched a pilot “Factory Sandbox” program to test, vaccinate and isolate factory workers, with the aim of limiting COVID-related disruptions to Thailand’s important export-driven manufacturing sector.(more…)
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