Tuesday, 11 March 2008

Chevron gives go ahead for $3 billion Thai gas project

A customer pumps gas at a Chevron gas station in Louisville, Kentucky in this file photo from February 2, 2007. (REUTERS/John Sommers II)

March 9, 2008

SYDNEY (Reuters) - Chevron Corp. , the second-largest U.S. oil and gas company, said on Monday it has decided to go ahead with the Platong Gas 2 project in Thailand at a cost of $3 billion.

The project would increase processing capacity in the Gulf of Thailand by 420 million cubic feet a day, Jim Blackwell, president of Chevron's Asia-Pacific exploration and production division, said at a speech at a gas conference in Thailand.

(Reporting by Fayen Wong)

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