toggle icon
logo text
logo symbol
toggle icon

GAS - Good results with robust oil price; no divestment this year - AGM Note

Company Research

27 Apr 2018

GAS’s AGM was held today. Shareholders raised questions about the Nam Con Son 2 gas pipeline (NCS2 GP), conservative oil price assumptions and progress of long-term projects. GAS proposed a capital expenditure adjustment for NCS2 GP from ~USD1bn to USD800mn due to lower gas reserves, but it still ensures IRR of 12%.

Contact us for a research access: (+84) 2 8888 2 6868