Thai PTT Cuts 2015 Investment Budget To $1.4 Billion

Reuters

BANGKOK, Nov 20 (Reuters) - Thailand's top energy firm PTT Pcl has cut its 2015 estimated investment budget to 51 billion baht ($1.4 billion) from an earlier forecast 55.7 billion baht, mainly due to a postponement in new overseas investments.

The reduction also reflected an adjustment to its plan for a new liquefied natural gas (LNG) receiving terminal, state-controlled PTT said in a presentation published on its website.

(Reporting by Khettiya Jittapong; Editing by Tom Hogue)

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