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
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
