PTT engages in the business of natural gas supply, wholesale, and retail distribution as well as distribution of Gas Separation Plant (GSP) products in addition to investing, through PTT Group companies, in addition of value to natural gas. The natural gas is supplied by indigenous sources, those imported from neighboring countries, and LNG (Liquefied Natural Gas) to meet the demand of power plants and industrial customers. To this latter end, PTT invests in gas distribution systems and the transport sector through its investment in NGV stations and sale of GSP products through its investment in GSPs, which adds value to indigenous gas by using as petrochemical feedstock and sale of LPG as a household, industrial, and transport fuel.
In addition, PTT has invested in an LNG receiving terminal through its wholly owned subsidiary PTTLNG Company Limited, which receives LNG, tankers and regasifies the LNG into gas phase, thus accommodating PTT's import of LNG. In 2018, the capacity of the first terminal was expanded from 10 million tons to 11.5 million tons; a second terminal is under construction to lift the capacity from 11.5 million tons to 19 million tons, scheduled for completion in 2022.
Under the Energy Business Act of 2007, the natural gas supply and wholesale businesses decide sales price structures for power-sector customers, while the administration of natural gas pipeline transmission derives given State-specified rates of return. As for the gas distribution business, aimed for industrial customers, its sales prices vary with the world fuel oil price to enable competition with alternative fuels., As for the products of GSPs,which are sold to petrochemical industry, is to be a function of petrochemical and petroleum product prices, which in turn vary with the world market.
Natural Gas Supply
In 2018, total gas supply amounted to 4,.708 MMscfd. This consisted of 3,.276 MMscfd of gas from indigenous sources, namely Gulf of Thailand, Malaysia-Thailand Joint Development Area (MTJDA), and onshore gas, and 1,.432 MMscfd of imports, namely those from Myanmar and LNG. The current indigenous/import ratio therefore stands at 70:30.
Natural Gas Supply (2018)
Natural gas distribution
Natural gas distribution in 2018 stood at 4.,719 MMscfd, made up of the power sector (57.6%), GSPs (21.5%), industrial sector (15.3%), transport sector (5.2%), and others (0.4%).
Natural Gas Distribution (2018)
- Gas Business
- International Trading Business
- Technology and Engineering Business
- Businesses Invested through PTT Group Companies