Thailand's largest energy firm, PTT Pcl, has chosen a Marubeni and Itochu joint venture (JV) to supply a natural gas pipeline, the company said on Jan. 12.
Marubeni-Itochu, a JV between Japanese companies Marubeni and Itochu, won bids to supply state-controlled PTT with its fifth natural gas pipeline, Chavalit Punthong, COO of Infrastructure and Sustainability Management Group, told reporters.
He said the pipeline will stretch 430 kilometers (267 miles) from Rayong to Nonthaburi, just north of the capital, Bangkok.
The pipeline project is expected to cost 99 billion baht (US$2.8 billion) and will be completed by 2020. (US$1 = 35.3600 baht)
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