22-Feb-19, Reuters
Thai energy company PTT plans to invest up to THB354.7 bn (USD11.3 bn) over the next five years to boost its natural gas portfolio and energy infrastructure.
%20Nikkei%20Asian%20Review.jpg "Thailands PTT plans up to USD11 bn investment in LNG (c) Nikkei Asian Review")
Image: Nikkei Asian Review
PTT plans to invest THB167.1 bn from 2019 to 2023, of which 44 percent will be allocated to expand its gas business and firm up infrastructure.
"We want to become a global LNG portfolio player ... and build an LNG value chain," said Arawadee Photisaro, Vice President for Corporate Strategy, adding that its upstream arm, PTT Exploration and Production, would acquire assets while other units would focus on building receiving terminals, liquefaction and regasification plants.