April 22, 2009
Bangkok (Own Source) – Thailand’s PTT Plc showed interest to invest in Nigeria’s gas sector, according to Nigerian National Petroleum Corporation (NNPC).
PTT Plc is one of the twelve short-listed companies apart from Shell and Chevron, Russia’s Gazprom Oil and Gas, BG Group Limited and Centrica Energy, Korea Gas Corporation Limited, etc.
"About 46 companies expressed their interest. We have carried out due diligence and come to a manageable level of 15 which we have invited today," Mohammed Barkindo, head of the NNPC told reporters.
Nigeria has about 185 trillion cubic feet of proven gas reserves.
Being ranked the seventh largest in terms of gas reserves, Nigeria receives more than 95 percent of its foreign exchange earnings from hydrocarbon exports.
PTTEP is the national petroleum exploration and production unit to provide sustainable petroleum supply to Thailand and other countries which the company operates as well.
