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PTT GROUP กลุ่ม ปตท.

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Category:	Companies and coworkers
Created:	Nov 7, 2007
Type:	Public
Members:	292
Owner:	Wikanda Klayngeun
Language:	English
Country:	Thailand

PTT Public Company Limited was incorporated as a public company on October 1, 2001 on corporatization from the Petroleum Authority of Thailand under the Corporatization Act of B.E. 2542 (1999), that is assumed transfer of all business, rights, debts, liabilities, assets and equity from Petroleum Authority of Thailand

Vision & Mission

To be the pre eminent Thai energy corporation, operating a fully integrated oil and gas business, which encompasses gas-based petrochemicals and total energy services, confident of being a regional leader and a high performance organization with accountability, integrity, and optimum stakeholder returns, within a value-driven corporate culture.

Future Project

PTT's future projects will continue to focus on large-scale investments in the natural gas business, designed for business value addition and sustaining the growing demand for natural gas associated with the Thai economy. As generally known, natural gas mainly fuels power generation, which is projected to rise by about 5.6% a year on average over the next five years (2007-2011). With that in mind, PTT has formulated plans for gas supply from domestic and external sources to meet its demand along with investment plans to expand its transmission network to meet customers' needs under the Third Gas Pipeline Master Plan, covering a total of 11 onshore and offshore projects, including the Third Gas Pipeline and the Sai Noi - South Bangkok Project (for both North and South Bangkok Power Plants). In all, PTT's onshore and offshore gas transmission capacity will rise by 1,900 and 2,300 MMcf/d respectively. All projects under the Third Gas Pipeline Master Plan will meet the internal rate of return on equity hurdle of 16%.
To add value to the natural gas value chain and support the vertical expansion of the petrochemical business to midstream and downstream, PTT plans to invest in an ethane separation project and the sixth gas separation plant with a capacity of 800 MMcf/d (with an internal rate of return of at least 15%) to produce ethane as feedstock for the 1,000,000 metric ton/year ethane cracker managed by PTT Polyethylene Co., Ltd., a joint venture between PTT and the former National Petrochemical Plc (now known as PTT Chemical Plc, after its merger with Thai Olefins Plc). PTT will also support PTT Chemical Plc's expansion to the downstream side of business. Finally, PTT has promoted the use of Natural Gas for Vehicles on account of its clean-burning properties and environmental friendliness.

www.pttplc.com