The energy price restructuring approved by the National Energy Policy Council last week, which will see prices gradually floated, will benefit PTT and encourage the company to extend gas pipelines and boost the number of NGV stations to ensure sufficient supply for customers. A source at the Energy Ministry said PTT was expected to post […]
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Pailin Chuchottaworn, the new president and chief executive of PTT Plc, has vowed to steer the national oil flagship further toward advanced technology, high-value and green products. “We will no longer stress commodity-grade production. Technology will be put into every product we sell.This will make higher selling prices and greater profit possible,” said Mr Pailin, […]
Green energy has been highlighted in PTT’s five-year business plan to help the national oil and gas company run on a sustainable basis.
The merger of two chemical units of PTT Plc, which the national energy flagship is scheduled to announce today, is being welcomed by analysts and investors for its potential to add value to the assets.
PTT has diversified into energy-maintenance services through a joint venture with a GE Energy subsidiary, Granite Service International. “PTT has no intention to be the operator of a large power plant like the Electricity Generating Authority of Thailand, but we will focus on power maintenance services for industrial plants or oil rig platforms,” PTT president […]
PTT Plc, Thailand’s largest energy company, aims to raise the annual revenue from its overseas coal business to US$500-600m by 2014. Prospects for local business growth have dimmed due to environmental concerns, said Chitrapongse Kwangsukstith,acting president of PTT International. The group has explored business opportunities in Madagascar and Brunei in addition to existing coal operations in Indonesia, he said.
PTT Plc will negotiate with the contractors of its 18 suspended projects in Map Ta Phut for a settlement of penalties worth up to Bt31b for construction delays caused by the Administrative Court’s order to suspend work.
PTT will increase the reception capacity of its liquefied-petroleum-gas depot in Chon Buri at a cost of Bt2.3b if its sixth gas-separation plant cannot commence commercial operations within six months. However, executive vice president Nattachart Jaruchinda said if the sixth plant could begin commercial operations sooner, the company would use a floating terminal in the meantime, costing Bt1m a […]
PTT Plc plans to spend Bt243b over the next five years to expand its natural gas business and enter into joint ventures. The majority state-owned energy company said it would also seek loans worth Bt80b from 2010-14 on top of an existing Bt30b approved earlier for working capital and debt refinancing.
The two companies most affected by the suspensions at Map Ta Phut, PTT and the Siam Cement Group (SCG),are hopeful some projects affected by this week’s Supreme Administrative Court’s order will still be able to move forward.