PTT Targets 15M Tons LNG by 2035 for Energy Security

Post Today•Economy•1d ago

Reader Briefing

PTT aims to expand its LNG trading portfolio to 15 million tons by 2035 to enhance Thailand's energy security and flexibility amidst global geopolitical volatility.

•PTT targets increasing LNG trading volume from 3-4 million tons to 10 million tons by 2030 and 15 million tons by 2035.
•PTT has reduced the proportion of crude oil sourced from the Middle East from approximately 70% to around 30%.
•Thailand will host the Gastech 2026 event, serving as a meeting point for global energy companies and governments.
•PTT views the energy transition as a 20-30 year process where natural gas and carbon reduction technologies like CCS must coexist.

Overview

•Thailand is scheduled to host Gastech 2026, an event for global energy companies, governments, and gas industry players.
•PTT considers natural gas a critical fuel during the energy transition because of infrastructure readiness and lower carbon emissions compared to coal and oil.
•PTT currently holds 3-4 million tons of LNG for trading, with targets of 10 million tons in 2030 and 15 million tons in 2035.
•PTT has diversified its crude oil sourcing, reducing reliance on the Middle East from 70% to 30% to increase energy flexibility.
•Dr. Kongkrapan Intrajang states that energy security requires diversifying raw material procurement options to mitigate risks from transport route disruptions.
•PTT has invested in increasing refinery flexibility to allow for the switching of raw material sources from various regions.
•PTT manages a balance between national energy security as a state enterprise and growth for shareholders as a listed company.
•PTT showcased the use of cold energy from the LNG process to grow strawberries and tulips in Rayong province at the Gastech event.

Full article content is available on the original source.

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Source: Post Today (Original)

Key Entities

Organization

PTT Public Company Limited(บริษัท ปตท. จำกัด (มหาชน))ℹ️

A state enterprise and listed company responsible for Thailand's energy security and global LNG trading.

Person

Dr. Kongkrapan Intrajang(ดร.คงกระพัน อินทรแจ้ง)

President and Chief Executive Officer of PTT Public Company Limited.

Place

London(ลอนดอน)ℹ️

A key energy hub where PTT has a trading team.

Singapore(สิงคโปร์)ℹ️

A key energy hub where PTT has a trading team.

United Arab Emirates(สหรัฐอาหรับเอมิเรตส์)ℹ️

A key energy hub where PTT has a trading team.

Houston(ฮิวสตัน)ℹ️

A key energy hub where PTT has a trading team.

Rayong(ระยอง)ℹ️

The province where PTT uses LNG cold energy to grow strawberries and tulips.

Strait of Hormuz(ช่องแคบฮอร์มุซ)ℹ️

A location where tensions have highlighted the risks of energy transport routes.

Myanmar(เมียนมา)ℹ️

A country from which Thailand imports natural gas.