PTT Budgets ฿180Bn for the 5-Year Plan to Focus in Gas Business

PTT Public Company Limited (PTT) is pleased to notify that the Board of Directors Meeting held on 17 December 2020 approved the five-year (year 2021-2025) investment plan of PTT and its wholly-owned subsidiaries in an aggregate amount of 179,072 million baht.

 

PTT’s investment plan focus in core businesses mainly in the Gas business group in both PTT own operation (Gas business and Gas Transmissions) i.e. the Gas Separation Plant (GSP) unit 7 to replace GSP unit 1, the 5th pipeline and the investment through its wholly-owned subsidiaries in the proportion of 70% of PTT’s total five-year investment plan, which are the investment in gas and gas-related businesses approximately 14% of PTT’s total five-year investment plan i.e. the Liquefied Natural Gas (LNG) receiving terminal 2 (Nong Fab), and Map Ta Phut Industrial Port Development Phase 3, the investment in oil and non-oil businesses together with its new businesses both in Thailand and overseas approximately 42% of PTT’s total five-year investment plan, and other businesses approximately 14% of PTT’s total five-year investment plan.

 

Additionally, PTT has set provisional capital expenditure for the next 5 years (year 2021-2025) amounting to 331,524 million baht to create value-added and synergy among PTT Group from core businesses’ expertise i.e. the Southern LNG terminal project and gas pipeline project which are subjected to the Power Development Plan 2018, the investment in LNG value chain both in Thailand and overseas, the Gas to Power project, and the investment in the potential growth businesses which are aligned with the change of New normal and New Ecosystem Business Model in accordance with government policy and global trends i.e. Electricity Value Chain project, the investment in Life science (Pharmaceutical, Nutrition, and Medical device).

Furthermore, the provisional capital expenditure includes investment in renewable energy and clean energy to achieve PTT group’s renewable energy power plant target of 8,000 megawatts within the year 2030 according to our strategic plan to be a leader in the renewable energy business.