PTT (Thailand) raises investment plans to US$9.5bn from 2017 to 2021

PTT (Thailand) raises investment plans to US$9.5bn from 2017 to 2021

Thailand's state-owned energy group PTT has raised its 2017-2021 investment
plans to Baht 338.85bn (US$9.5bn), to support its expansion projects in oil
and gas infrastructures.

The company had cut its 2016 investment plans to Baht 43.3bn (around
US$1.2bn) in 2016 and set a much lower budget for the 2016-2020 period (Baht
297bn, i.e. around US$8.3bn). In addition, the company divested non-core
assets to cushion the financial impact of lower oil prices.

PTT will now need to invest in its LNG infrastructure: the capacity of its
Map Ta Phut LNG terminal is currently being doubled to 10 Mt/year
(commissioning expected in 2017) and a further 1.5 Mt/year should be
completed in 2019. The 2017 budget will then raise from Baht 67.5bn to Baht
83.66bn (from US$1.9bn to US$2.3bn) and capital expenditures will increase
to Baht 102.3bn in 2018 (US$2.85bn).

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Link to Original Article:
http://www.enerdata.net/enerdatauk/press-and-publication/energy-news-001/ptt
-thailand-raises-investment-plans-us95bn-2017-2021_39339.html

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com