PTTEP’s appetite for growth undimmed
Even the turbulence of 2020 has failed to cool the enthusiasm of Thailand’s NOC for further expansion
State-controlled PTTEP is one of a number of NOCs which continues to explore, develop and acquire—to some extent stepping into the shoes of majors and IOCS seeking to divest or consolidate their hydrocarbon assets—as it pursues a programme to significantly ramp up production and sales, particularly of gas, over the coming years. PTTEP remains bullish about gas demand and prospects, seeing long-term growth for the fuel as a transitional energy source. As of the end of 2020, the Thai company’s proven and probable hydrocarbon reserves totalled 1.62bn bl oe, of which 69pc was gas. Of those reserves, 53pc were in domestic Thai resources. Sales volumes in 2020 reflected a similar split, comprising
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
