Page 12 - AsianOil Week 40 2021

AsianOil SOUTHEAST ASIA AsianOil

for LNG is set to grow in the coming years as economic activity and saw gas demand shrink
domestic production declines. Thailand’s gas to 46.9 bcm.
production has gradually fallen from a peak of PTT said earlier this year that it expected
39.1bn cubic metres in 2014 to 32.7 bcm in 2020, national gas demand to return to pre-COVID
according to BP’s Statistical Review of World 19 levels at 4.8bn cubic feet per day this year.
Energy 2021. PTT’s senior executive vice-president for
Annual gas demand, however, has remained gas business, Wuttikorn Stithit, said in May that
consistent over that period at around 50 bcm, gas was crucial for the power sector, accounting
with the exception being last year, when the for 60% of generators’ feedstock. He added that
coronavirus (COVID-19) pandemic curtailed power demand has continued to grow.™

EAST ASIA

Jade Gas to start work at

Mongolian CBM project

PROJECTS & AUSTRALIAN independent Jade Gas has contributing to reducing air pollution in the cap-
COMPANIES announced that it intends to begin fieldwork ital city of Ulaanbaatar.”
at its coalbed methane (CBM) project in Mon- State-owned EM was awarded the PSA over
golia soon. the TT CBM project area in April 2020. Follow-
The Melbourne-based company said ing an approval from the cabinet of Mongolia in
on October 4 that it would focus on its key October 2020, the PSA rights and obligations
project in South Gobi under a production were fully transferred to the joint venture com-
sharing agreement (PSA) covering the pany MGR.
Tavantolgoi XXXIII (TT CBM project) Jade holds a 60% interest in TT CBM, which
basin. Jade will operate and manage the covers around 665 square km and includes the
project through its subsidiary Methane Tavan Tolgoi coal field. The field is located in the
Gas Resource (MGR). “The project is fully Omnigovi Province, roughly 550 km from the
permitted with fieldwork expected to com- capital city of Ulaanbaatar and 85 km from the
mence shortly,” the company stated. provincial capital of Dalanzadgad.
Jade Gas’ executive director, Joseph Burke, In the company’s initial public offering (IPO)
said the company was aligned with Mongolian prospectus published in June, the company
and global decarbonisation measures. said it saw an increasing role for the use of gas
He said: “The company, along with Erdenes in Mongolia’s energy supply mix. The country
Methane (EM), our partner and representative has substantial coal reserves, suggesting strong
of the Mongolian government, see enormous CBM development potential. At the same time,
potential for our TT CBM project with respect the country is heavily dependent on Russia and
to Mongolia’s clean energy transition, ultimately China for energy supplies.™

P12 www. NEWSBASE .com Week 40 07•October•2021