Auctions today for gas fields worth billions

Auctions were scheduled for today on concessions for the Erawan and Bongkot offshore natural gas fields, Energy Minister Siri Jirapongphan said yesterday (Sep 24).

The fields have a combined output topping 70 per cent of all Gulf of Thailand output, he said. Chevron Corp operates the Erawan field and state-owned PTT Exploration and Production Plc runs the Bongkot field under licences set to expire in 2022 and 2023, respectively.

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The Nation Reporter