May 31 – In the Opportunity Day activity: listed companies meet investors. Organized by the Stock Exchange of Thailand, PTT Public Company Limited (PTT) Mr. Thanapol Praphaphan, Investor Relations Manager, PTT Public Company Limited (PTT), revealed that the company assessed the overall business this year with both positive and negative factors. delete from falling global energy prices But diversify investment in both new and old businesses. added added value Therefore, there are businesses that are both affected and not affected by energy price fluctuations. which even if the stock price is lower But there is no plan to buy back shares. meanwhile The company also studies the policies of various political parties. and ready to move forward to work together to take care of all sectors according to the goal of creating energy security
However, the price of natural gas is expected Compared to the previous year, decreased In line with the JKM market, it is expected to drop by 47% to 15-21 US dollars / million BU. From the previous year, an average of 34 US dollars / million BU. Dubai crude oil price It is expected to decrease by 16% or average at 79-84 US dollars / barrel. Singapore GRM (GRM) is expected to decrease in line with Dubai crude oil prices to 4-5 USD/barrel. At the same time, the price of petrochemical products is expected to weaken 6-12% from the previous year due to concerns about the economic recession. Upstream business under PTT Exploration and Production Plc. It is expected to be driven by being able to maintain production costs and increasing sales volume. natural gas business Expected to increase according to demand It also has increased productivity. from increasing production capacity of Erawan field or G 1/61
While the oil or downstream business is expected to improve from increased sales volume. According to the Thai economy this year, which grew by about 3.4%, driven mainly by the recovery of the tourism sector. after China opened the country As a result, private consumption continued to recover. Including the inflation rate that has adjusted down. Back to the goals set by the Bank of Thailand (BOT), while Future Energy & Beyond in the EV Chargers business progresses as planned. including other investment projects according to plan
meanwhile A company in the PTT group, PTTEP, continues to invest for stability. Yesterday signed with the Department of Mineral Fuels. Two production sharing contracts (PSCs) signed, no. G1/65 and G3/65, are located near the G1/61 and G2/61 projects that PTTEP is already operating. This makes it possible to develop projects quickly. To be a source of energy for economic development and building stability creates benefits For Thailand in the long term, while PTTEP has confirmed that it can produce gas from the G1/61 field as targeted. In July, production was 400 million cubic feet per day, in December, it increased to 600 million. cubic feet per day and in April increased to 800 million cubic feet per day, good for lower electricity costs. – Thai News Agency
Source: Thai News Agency
