PTT
- Business News
PTT assures adequate LNG reserves to beat heat in Thailand
With summer temperatures expected to soar, PTT Plc, Thailand’s national oil and gas conglomerate, has assured that its liquefied natural gas (LNG) reserves are up to the task of meeting the country’s increased electricity demand. In Thailand, 60% of the fuel used for electricity generation is gas. As a result, PTT is prepared, with gas reserves of 6 billion cubic…
- Business News
Isuzu revs up green initiative with PTT union for clean fuel trials
Tri Petch Isuzu, Thailand’s Isuzu vehicle distributor, is joining forces with PTT Plc to test vehicles powered by a novel clean fuel. This initiative is aimed at supporting efforts to reduce the high carbon dioxide emissions from Thailand’s transport sector. The transport and power generation sectors are the main contributors to over 60% of Thailand’s greenhouse gas emissions, as per…
- Business News
PTT plc eyes green methanol production
PTT Plc, a major national oil and gas conglomerate, is contemplating the construction of a green methanol production facility. The project, costing an estimated 3.1 billion baht, aligns with PTT’s initiative to curtail carbon dioxide emissions and manufacture methanol-derived fuels. Traditionally, methanol production relies heavily on fossil fuels. However, PTT’s proposed method utilises biomass or carbon capture techniques, paving the…
- Business News
OR’s SDG policy fuels Thailand’s sustainable economic growth
PTT Oil and Retail Business (OR) has adopted a Small-Diversified-Green (SDG) policy, aiming to stimulate Thailand’s economic growth through sustainable practices. This move aligns with the country’s broader strategy of reducing carbon footprints by 2030. The SDG policy focuses on empowering small communities as key drivers of economic recovery, particularly in the tourism sector tipped to fuel the national GDP…
- Business News
AIS in talks with PTT OR for virtual bank licence application
Potential collaborations are underway as Advanced Info Service (AIS) engages in discussions with PTT Oil and Retail Business (OR) and a digital platform provider. The objective is to apply for a virtual bank licence from the Bank of Thailand, revealed AIS Chief Executive, Somchai Lertsutiwong. This partnership would be an addition to AIS’s current plan to secure a license with…
- Business News
PTT’s OR diversifies with budget hotels and community malls at petrol stations
PTT Oil and Retail Business Plc (OR) is renewing its focus on diversifying its non-oil business ventures, with plans to construct budget hotels within its petrol stations and incorporate community malls catering to tourists. The company’s President and Chief Executive, Disathat Panyarachun, shared these developments. The next quarter will see OR onboarding a business consultant to oversee the hotel project.…
- Thailand News
PTT Plc to turn Laem Chabang into Thailand’s first green port
PTT Plc, the Thai state-owned oil and gas company, is set to transform Laem Chabang deep-sea port into a pioneering example of green ports across Thailand. Noppadon Pinsupa, the Chief Operating Officer of PTT’s Downstream Petroleum Business Group, revealed plans yesterday for the development of the GPC International Terminal. The terminal, the victor in the bid for the third phase…
- Thailand News
PTT reinvestment: Diversifying beyond oil and petrochemicals for future growth
National energy conglomerate PTT Plc has initiated a reinvestment phase, eyeing new ventures for future growth. This move follows the stagnation of the company’s traditional businesses, which are primarily centred around the oil refinery and petrochemical sectors. As these avenues have limited potential for enhancing future income, the company emphasises the need for reinvestment. PTT’s President and Chief Executive Officer,…
- Business News
PTTEP issues alert over potential Thai gas production and supply disruption
PTT Exploration and Production Plc (PTTEP) voiced its concern to the energy authorities regarding potential barriers that may impede the continued production of gas in the Gulf of Thailand. The current license to operate in the Pailin gas block is set to end in 2028. The reoccurrence of a disruptive incident similar to the one at the Erawan gas block…
- Business News
Fuelling the future: Thailand’s gas giant gears up production to avert power crisis
Efforts to prevent a second power crisis in Thailand are underway as the nation’s primary gas producer, PTT Exploration and Production (PTTEP) Public Company Limited, looks to increase its output substantially. With plans to double gas production in the Erawan field, Thailand’s largest, Montri Rawanchaikul, the Chief Executive Officer, confirmed plans to scale up production to as high as 800…
- Business News
Arun Plus aims for profitability with Thailand’s growing EV demand
National oil and gas conglomerate, PTT Plc, is forecasting that its subsidiary company, Arun Plus Co, is likely to attain profitability in the next three to five years, fostered by higher demand from Thai drivers for electric vehicles (EVs). Arun Plus was founded three years prior when PTT ventured into the EV sector as part of its futuristic energy plan.…
- Business News
GGC forecasts 20% sales growth, revenue steady amid falling prices
Global Green Chemicals (GGC), the biochemical subsidiary of PTT Global Chemical (PTTGC), anticipates a 20% increase in sales this year, primarily driven by palm oil-based products. However, overall revenue for PTTGC’s Biochemical subsidiary, GGC is expected to remain steady due to a decrease in product prices. Kridsada Prasertsuka, PTTGGC Biochemical’s managing director, attributes the sales increase to the rising demand…
- Health
Eat your vegetables! Or don’t, with this new sauce
Science has come up with a solution for all the vegetable haters out there – “Sauce Son Phak” (vegetables hidden in sauce). This new product, developed by Innobic (Asia), the life science branch of oil and gas titan PTT, in collaboration with researchers at Mahidol University, is for all the people who would rather eat dirt than vegetables. According to…
- South Thailand News
Petrol pump blown up in Yala terrorist attack
A petrol pump was blown up by suspected insurgents at a PTT petrol station in the southern province of Yala on Saturday night. There were no casualties. Shortly before midnight on Saturday, an explosion was heard at the PTT petrol station by Highway 410 in tambon Thanto, according to Pol Capt Palakorn Srichai. Police were dispatched to the scene to…
- Economy News
PTT top revenue-earning company in Thailand in 2021
In news that is likely not surprising but probably very frustrating, amid soaring fuel prices, petrol company PTT has topped the list as the highest revenue corporation in Thailand for 2021. The national oil and gas conglomerate breakdancing 1 trillion baht over the last year no doubt thanks in part to huge inflation in the price of oil that has…
- Pattaya News
Coffee shop employee attacked while at work in Si Racha
A coffee shop employee sustained serious injuries after he was attacked by two men while he was at work. The coffee shop wasn’t identified. The incident happened in Si Racha, the town and subdistrict on the east side of the Gulf of Thailand. CCTV footage captured the assault. The victim has been identified as 23 year old Songchaiphon Donchai, who…
- Road deaths
Roadtrippers take a break at petrol station only to find dead body under car
A group of holiday road trippers from Pathum Thani got a horrifying surprise after finding a partial human body underneath one of their cars. The group was on their way to Koh Chang when they stopped at a petrol station this morning in the eastern province of Khao Saming. The 10 holidaymakers reported the discovery at Sawang Sawai PTT petrol…
- Crime News
Man arrested for allegedly shooting and killing a police officer outside a petrol station
A 23 year old man was arrested for allegedly shooting and killing a police officer outside a petrol station station in Suphan Buri. The 53 year old police officer, who was wearing civilian clothes, had approached a group who were drinking outside the PTT station, telling them to turn down the music and advising them to go home, a witness…
- Thailand News
Thailand News Today | PTT pays out, Revised visa requirements, Protester’s asylum | Nov 11
Today’s rather noisy Thailand News Today. Please like our YouTube channel whilst you’re there too! PTT pays millions in compensation after Samut Prakan gas pipeline explosion The Thai petrol company PTT has paid millions of baht in compensation to businesses and people affected by the Samut Prakan natural gas pipeline explosion last month. The explosion at an industrial estate in…
- Events
PTT pays millions in compensation after Samut Prakan gas pipeline explosion
The Thai petrol company PTT paid millions of baht in compensation to those affected by the Samut Prakan natural gas pipeline explosion last month which killed 3 people and injured more 60 people. The explosion at an industrial estate in the Bang Bo district killed 3 people, including 2 elderly women, and severely injured 10 people. Another 21 people were…
- Events
Thai PM orders investigation into Samut Prakan gas pipeline explosion, 3 dead
Thai PM Prayut Chan-o-cha is ordering an investigation into yesterday’s explosion of a gas pipeline in Samut Prakan, just south east of central Bangkok. At least 3 people were killed. Among the dead, 2 elderly women were killed, plus at least 28 confirmed injuries when the PTT gas pipeline exploded in the coastal Bang Bo district. The prime minister has also…
- Business News
No impact on PTT’s imports from Saudi oil refinery attack: Thai minister
Thai energy minister Sontirat Sontijirawong claims that last Saturday’s attacks on two major oil-processing facilities run by the Saudi-owned company Aramco will not affect oil imports of the Thai petro-chemical giant PTT group. He added that he had learnt from Aramco and related parties that the situation there was under control and the damage was being assessed. The incident would…
- World News
PTT’s expansion plans in Myanmar
PTT Oil and Retail Business (PTTOR) is poised to invest in the Burmese retail market and the construction of a tank depot for oil and liquefied petroleum gas as well as related facilities in Myanmar. The Thai petro-chemical company’s chairman Attapol Rerkpiboon says the first gas station will open in Q4 this year. It recently signed agreements with the subsidiaries…
- Business News
Thailand’s sponsorship market grew 19% – 2018
ASN (Asia Sponsorship News) has just released its Sponsorship Market Overview for Thailand 2018. Local agencies have had their say on the performance of the Southeast Asian sponsorship marketplace. 2018 was a robust year for Thailand’s Sponsorship market, growing 19% year-on-year to US$223.4 million (2017’s total investment was US$188.2 million) and making grounds on reaching its previous (outlier) market peak of…
- Thailand News
Lampang serial masturbator caught red-handed
PHOTO: Sanook A Lampang man was reported to police for masturbating at public toilets at a local petrol station. 28 year old Theerasak was taken to the scene at the PPT station with police, hopefully not to re-enact the crime. According to police, the maid at the PTT petrol station in the city district had earlier “shrieked in horror” when she…
