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PTT

Renewables/Energy Transition

Thailand’s PTT closer to ruling EV market in Southeast Asia

Thai oil and gas group PTT has signed a joint venture deal with leading electronics producer Foxconn to make electric vehicles (EVs) as Thailand aims to become the region's top manufacturer and exporter of EVs. The move underscores the state-backed energy company's desire to diversify away from the traditional oil and gas business, which may have slower growth potential in the long run.

Asia

Thailand’s oil giant is going on a green spending spree

Thailand’s oil giant, whose sales account for about 10% of the nation’s economic output, is suddenly spending billions of dollars on electric-vehicle and renewable-energy companies and tilting its traditional businesses toward chemicals and plastics.

Asia

Thailand eyes new FSRU scheme for LNG imports

State-run Electricity Generating Authority of Thailand (Egat) and national energy conglomerate PTT are jointly studying a development proposal for a 5 million tonne per year floating storage regasification unit (FSRU) to import liquefied natural gas (LNG).