PTT Exploration and Production Plc (PTTEP) anticipates a 9% surge in petroleum sales in the coming year, largely due to the expanded gas production from the Erawan field in the Gulf of Thailand. The company’s President and CEO, Montri Rawanchaikul, revealed that the average sales for this year are anticipated to be around 464,000 barrels each day.
This increase in domestic gas supply implies a decrease in imported liquefied natural gas, thus insulating Thailand from the impact of global price oscillations which have the potential to hike the nation’s electricity bills. It should be noted that gas constitutes approximately 60% of the fuels utilised for power generation within Thailand, Montri said.
“Erawan’s significant contribution to our next year sales projections is due to the expected increase in gas production to 800 million standard cubic feet per day [MMSCFD] come…
