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)

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Manager- Retail Power Settlements & Accounting
Expertise: Accounting|Budget / Cost Control|Gas Plant Operations
Location: Houston, TX
 
Treasury & Credit Management Analyst
Expertise: Accounting|Financial Analyst|Financial Audit
Location: KCMO, MO
 
Project Manager
Expertise: Construction Manager|Planner / Scheduler|Project Controls
Location: Pittsburgh, PA
 
search for more jobs

Brent Crude Oil : $49.24/BBL 1.12%
Light Crude Oil : $47.83/BBL 1.65%
Natural Gas : $2.959/MMBtu 0.23%
Updated in last 24 hours