Chief Executive Officer and President of PTT Public Company Limited revealed that PTT Group aims to be a regional LNG hub, aiming to increase trade volume to 9 million tons/year this year. 2030
2030, a business unit has been established to support this, which will be sold in the form of importing LNG and then distributing LNG in the region, such as southern China and Cambodia, by road transport system. and transport via small LNG transport vessels. At the same time, the business unit Will accelerate the expansion of LNG distribution to industrial plants, power plants, or other groups of entrepreneurs to use LNG as a fuel to replace traditional fuels. Which is because LNG is a clean fuel. and the price is competitive with oil In addition, all over the world there are plans to reduce global warming. Reduce carbon dioxide emissions Therefore, it is believed that the popularity of LNG will increase.
In addition, if the demand for LNG in the country increases, it will result in lower LNG conversion costs, which are costs per unit and are calculated in the electricity cost structure. It is considered a good thing for the people. Recently, PTT has purchased 160 rai of land next to the second LNG station in the Ban Nong Fab area to accommodate the factory that will use the cooling from LNG conversion. which many factories are interested in For example, the power plant system of GPSC, a company that provides cloud solutions, gas separation plant systems. Including other factories who want to use this cooling to reduce the cost of electricity use Currently, there is still space left to support organizations that want to use this system as well.
M.L. Pikthong Thongyai, Executive Vice President, Natural Gas Business Unit, PTT Public Company Limited (PTT), said that PTT Group is currently negotiating with several LNG producers from the United States and Middle East to purchase approximately 2 million tons of LNG per long term contract from the present. PTT purchases 5.2 million tons per year, which the purchase of long term contracts will allow Thailand to have energy security and be able to better manage the cost of electricity production. and will cause the proportion of long term contracts to the spot market to increase from the original 50:50 percent to 70:30 percent. It can be seen that in the past year the price of LNG fluctuated heavily. In some periods the spot market price ( spot) up to 70-80 USD per million BTU Therefore, having a long-term contract with PTT, which is very cheap, will be able to alleviate electricity costs very well.
However, that PTT has an infrastructure to support it, namely having 2 LNG stations, which helps the nation. Energy security can also be managed.
PTT has established the company PTTLNG to provide services and manage port operations and maintenance. Including receiving LNG products, LNG storage and converting natural gas from liquid to gas (LNG). Regasification Plant) and in addition, PTTLNG has also established a building Flora Exhibition Hall in the Map Ta Phut LNG Station No. 2 at Ban Nong Phap, Rayong Province, which has a building design to take advantage of the cold in the LNG production process by using cooling energy which is a by-product. From the process of converting LNG to use in air conditioning systems. and displays winter flowers inside the building, such as tulips, lilies, and hydrangeas, which are open to the public and tourists free of charge on Mondays - Saturdays from 9:30 a.m. - 4:30 p.m., except on Sundays and public holidays. Since opening on January 3 - September 22, 2023, there have been 273,440 visitors.
In addition, the Panpruksa Exhibition Building It is also designed to have an environmentally friendly ecosystem. Reduce energy use, reduce greenhouse gas emissions. Use natural light to illuminate the building. which received the green building award Platinum level According to the criteria for evaluating energy sustainability and Thai Environment (TREES-NC) from the Thai Green Building Institute (TGBI).
Source: Thai News Agency