From: Reuters
Published March 9, 2008 09:45 PM

Chevron gives go ahead for $3 billion Thai gas project

SYDNEY (Reuters) - Chevron Corp. <CVX.N>, 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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