PTT allocates 1.01 trillion baht for capital expenditure
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Thai national oil and gas conglomerate PTT Plc announced a capital expenditure programme of 1.01 trillion baht, nearly doubling its previous 2025–2029 investment budget. CEO Kongkrapan Intarajang stated that the funding, scheduled for disbursement between 2026 and 2030, aimed to reinforce Thailand's energy security, accelerate decarbonisation, and expand business operations. The investment included projects such as the Map Ta Phut LNG Terminal phase three and the South Bangkok-Bangpakong gas pipeline. PTT also indicated plans to seek new business partners and potentially sell shares in subsidiaries, including PTT Global Chemical, to strengthen long-term performance.
Consequences
PTT intends to expand its petroleum output through its subsidiary PTTEP and its exploration and production of oil and gas. The company is simultaneously exploring consolidation opportunities in the petrochemical sector to address downward trends and improve operational flexibility.
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