PTT Targets LNG Trading Expansion for National Energy Security
Thai energy company PTT aims to expand its liquefied natural gas (LNG) trading volumes to 10 million tonnes by 2030 and 15 million tonnes by 2035. The goal is part of a strategy to strengthen national energy security and pursue growth in global energy markets.
PTT currently trades approximately 3-4 million tonnes of LNG, excluding imports for domestic consumption. The company separates its LNG operations into two roles: importing supplies to support Thailand's energy security under regulatory oversight, and trading internationally to broaden sourcing capabilities and generate business growth.
Natural gas remains an important transition fuel because it is available from multiple sources worldwide, is relatively affordable, and is cleaner than coal and oil. Dr. Kongkrapan Intarajang, PTT President and Chief Executive Officer, expects natural gas to remain necessary for another 20-30 years, even as the global energy transition advances.
Thailand currently sources approximately 50% of its natural gas from the Gulf of Thailand, more than 10% from Myanmar, and over 30% through LNG imports. The fuel supports electricity generation, industrial activity, and related downstream industries.