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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
David Whitehouse
28 April 2020
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Thai petchems await China rebound

Diversified PTTGC is strong enough to wait for Chinese product demand but others may suffer

Better than expected Chinese industrial production in March raised hopes for a sharp recovery for downstream petrochemicals companies in the Asia Pacific region. But a Chinese recovery is far from assured and, if the Chinese economic recovery is sluggish, only the financially strongest product suppliers are likely to benefit. The Thai government made a strategic decision to develop its domestic petchem industries in response to the 1970s oil shocks. The result today is that larger players such as PTT Global Chemical (PTTGC), a subsidiary of Thai NOC PTT, and SCH Chemicals, a unit of Siam Cement, have diversification and a strong parent on their side. SCH has stated that its plan to invest in

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