Bangkok--11 Apr--PTT
Inaugurating PTT Group exhibition booth at the 17th International Conference and Exhibition on Liquefied Natural Gas (“LNG 17”), held in Houston, Texas, USA, areMr. Niwatthamrong Boonsongpaisan, Minister attached to the Prime Minister’s Office, and Mr. Norkun Sitthiphong, Permanent Secretary, Ministry of Energy. Organized every three years, the event features potential partners for PTT’s LNG business while providing global gas business development outlooks to steer its supply procurement of natural gas—Thailand’s core energy form—to meet demand and bolster national energy security. In addition to more than 10,000 visitors from some 80 countries around the world, participating energy multinationals this year exceed 300 companies.
Mr. Charcrie Buranakanonda, PTT Plc Senior Executive Vice President, Gas Business Unit, says PTT Group—including PTT Plc, PTT Global Chemical Plc, PTT Exploration and Production Plc, PTT LNG Co., Ltd., and PTT International Co., Ltd.—is joining this world-class event, being held from April 16 to 19, to pursue LNG business opportunities of supply sourcing from new gas deposits and establishing ties with LNG producer allies abroad so as to secure additional natural gas to meet Thailand’s domestic demand and sustain long-term energy demand. Thailand’s annual power demand has been surging by 5-6% in line with its annual
GDP growth of 4.5-5.5%, which varies inversely with its domestic gas outputs as well as gas imports from neighboring countries. Potential shortages therefore loom, aggravated by a grim supply outlook. LNG imports for energy reserves therefore represent a key solution today, particularly as Thailand is poised to redefine its fuel diversification from its predominantlygas-based power generation.
LNG is the world’s major form of energy today. With global reserves sustaining some 250 years of consumption, it is both environmentally friendly and cheaper than oil. The LNG 17 forum dictates the global energy development outlook, with leading companies and experts in the LNG field sharing knowhow, experiences, and new LNG technologies. It indeed represents an excellent opportunity for PTT to leverage useful information to boost national energy security.
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