PTT Nets 3 Top Awards. / Issue 023, December 2014

PTT Nets 3 Top Awards.

PTT received three quality awards from Alpha Southeast Asia Magazine which reaffirmed PTT as a Thai Premier Multinational Energy Company marked by excellence in investor relations management and world-class professionalism. The company targets additional investment of 5.5 billion baht this year.

Mr. Wirat Uanarumit, PTT PLC. Chief Financial Officer, revealed that the company has received awards from Alpha Southeast Asia Magazine, a leading journal of institutional investment, banking, and capital markets of Southeast Asia, in three aspects which include Most Organized Investor Relations, Most Consistent Dividend Policy, and Best Annual Report in Thailand.  The awards reaffirmed PTT as a Thai Premier Multinational Energy Company marked by excellence in investor relations management and world-class professionalism.

By such a success comes from PTT focusing on stakeholders in all sectors, such as shareholders, bondholders, employees and society, as well as focusing on the public about the energy stability and utilization efficiency in the future in order to provide the competitive price of petroleum products with the best value for money. The company also highly focuses on in providing transparent news and information to investors based on the fact.

Mr. Wirat said the performance of PTT in 2013 was approximately 95 billion baht and the performance in 2014 which was announced in Q2 was approximately 587 billion baht. The investment in 2014 is targeted at 55 billion baht. The investment plan for the entire group is nearly 200 billion baht. The five-year investment plan (Year 2014-2018) is targeted at 300 billion baht and the entire group investment at 900 billion baht, mostly invested in PTT and PTTEP.

PTT’s major investment plans consist of :

     1. Natural gas – to increase imports of LNG gas in which the first phase is carried out. The plant is located in Map Ta Phut, Rayong Province, with Capacity on gas imports LNG about 5 million tons / year with an investment of about 30,000 million baht. However, due to the demand for gas in Thailand has increased every year which is expected to have an annual average increase of approximately 4.7 percent in the next five years (Year 2014-2018), the current import capacity may be insufficient.

     2. PTT thus invests in phase 2 to serve the growing needs in the future by expanding Capacity LNG Import Terminal to be able to import gas of additional 5 million tons/year, which is estimated investment of over 20 billion baht and expected to be completed in 2017. After phase 2 completed, the total import capacity by 2 phases will be 10 million tons/year.

     3. Improvement of onshore pipes – PTT has the natural gas pipe network mainly in Thailand from Central through North and Northeast to deliver gas mainly to power plants. Currently, the pipe line 4 is under construction with 30 billion baht investment, expected to be completed by late 2015.

     4. Investment in oil business – PTT possesses 1,386 gas stations across Thailand and top market share. It plans to expand and renovate the stations to be larger and have community malls in stations to provide full range of convenience for customers. It will also expand the gas stations to neighboring countries such as Laos, Myanmar and Cambodia with investment of approximately one billion baht per year.

     5. Investment in LPG Import Facility to support increased imports of LPG gas – Due to low prices compared to world prices, the supply of LPG is insufficient to meet demand in Thailand which is heavily growing. PTT plans to invest in the expansion LPG Import Terminals for approximately 30 billion baht. Currently, it imports LPG from abroad about 1.8 – 1.9 million tons/year.

Mr. Wirat said the opening of the ASEAN Economic Community (AEC) in 2015 will be opportunities for Thailand and PTT in investments and more growth. AEC has a total of 10 countries which will have the fastest economic growth in the world in the next 10-20 years because it is a new emerging economy. Thailand is in the best strategic location that can connect with many countries, resulted in the opportunities for economic growth of Thailand is very high in the future.

“We hope that PTT will have a growth rate similar to the growth of the country. PTT will move forward steadily and be the national oil company of Thai aiming for benefits and prosperities to Thai people. We want Thai people to proud of PTT. PTT will do everything possible to meet all needs of people for the maximum benefits in energy” – Said Mr. Wirat.

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2021-08-04 08:47