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Monday, April 29, 2024

PTT expects LNG import surge this year

Energy group also wants to lift revenue by encouraging subsidiaries to add value to products

The national oil and gas conglomerate PTT has so far imported 4 million tonnes of LNG this year. (Photo: PTT Plc)

The national oil and gas conglomerate PTT Plc plans to increase liquefied natural gas (LNG) imports to 6 million tonnes this year, up from 3.3 million in 2022, in line with growing demand in the power sector driven by the tourism recovery.

The increase in purchases  also aligns with government policy to increase domestic stocks of LNG, said Pongpun Amornvivat, PTT’s senior executive vice-president for international trade.

PTT has imported 4 million tonnes of LNG so far this year.

The current…

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