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Thailand’s LNG readies for commercial transformation
The start of private LNG imports may trigger an evolution in the country’s policy of energy security to encompass commercial exploitation
Thailand and Cambodia eye oil and gas detente
Asian neighbours seek resolution on territorial dispute for hydrocarbons development that has spanned decades
New regulations pose risks for Thai refiners
Attempts to control domestic fuel prices could threaten supply
Asia increasingly looks to flexible LNG supply
Demand growth and the expiration of existing contracts mean Asian nations will become less reliant on long-term contracted supply
Canada’s Valeura eyes fresh deals after Thai expansion
The company is also working to sustain output from its Thai-focused portfolio into the 2030s
Thai oil production poised for modest rebound
Efforts by independents and NOC PTTEP will help boost production this year, but the sector is increasingly mature
Asia’s NOCs chart paths to decarbonisation
But none of the companies are poised to abandon oil and gas anytime soon
More to come in Thailand for Valeura
The Canadian indie is already undergoing rapid growth and is looking for further opportunities in the Southeast Asian country
Cheniere signs Thai LNG supply agreement
State-owned PTT has inked its first US supply deal
Southeast Asian nations poised for crucial decade
Future development prospects are mixed across the energy-hungry region
Thailand PTTEP
Simon Ferrie
16 February 2021
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PTTEP’s appetite for growth undimmed

Even the turbulence of 2020 has failed to cool the enthusiasm of Thailand’s NOC for further expansion

State-controlled PTTEP is one of a number of NOCs which continues to explore, develop and acquire—to some extent stepping into the shoes of majors and IOCS seeking to divest or consolidate their hydrocarbon assets—as it pursues a programme to significantly ramp up production and sales, particularly of gas, over the coming years. PTTEP remains bullish about gas demand and prospects, seeing long-term growth for the fuel as a transitional energy source. As of the end of 2020, the Thai company’s proven and probable hydrocarbon reserves totalled 1.62bn bl oe, of which 69pc was gas. Of those reserves, 53pc were in domestic Thai resources. Sales volumes in 2020 reflected a similar split, comprising

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