United States of America

Banpu has commenced its new journey on gas business in Marcellus Shale in Northeast Pennsylvania in the U. S. since March 2016. This is a part of the Company’s strategy to diversify its portfolio in upstream business with lower emissions, which goes in line with “Banpu Greener & Smarter strategy” with the aim of becoming a integrated engery solutions company for the new era of energy. 

This gas business is compelling for us to expand further mainly because the location we are investing in, the Marcellus shale location, is the single largest gas supply source in the U.S. and one of the biggest in the world.  Furthermore, the market opportunity is promising with 2.5% CAGR (compound annual growth rate) demand growth, driven by demand in the power sector and tight supply expected over the next 30 years.

Until now, Banpu has invested in six shale gas resources in the location with a total investment value of USD 522 million from a budgeted USD 500 million. Yet, these resources can generate 201 Million Cubic Feet Per Day (MMcfd) which achieved 2.6 times over our original target of 78 MMcfd in 5 years or 2020.  

 
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