PTT touts natural gas as a mainstay

Demand rising for ‘destination fuel’

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Mr Kongkrapan says natural gas is the most practical bridge fuel.

PTT Plc has geared up its natural gas business, reaffirming its strategy to capture global energy trends that position the fuel as the cornerstone of the global system over the next 2-3 decades.

Chief executive and president Kongkrapan Intarajang said gas has become the world’s “destination fuel” as the cleanest fossil fuel option, competitively priced and essential for balancing energy security amid rising demand and limited renewable generation.

“Gas will remain the mainstay of the global energy mix for the next 20-30 years,” Mr Kongkrapan said.

“It is affordable, produces less carbon than coal and oil, and provides stability for the power system during the transition to cleaner energy sources’

PTT has positioned itself as an importer, trader and service provider to strengthen Thailand’s energy security and establish the country as a liquefied natural gas (LNG) hub in Southeast Asia.

Global investment in LNG continues to grow, with China, India and Europe driving demand.

Europe has ramped up LNG imports since the Ukraine crisis in a bid to diversify away from Russian pipeline gas.

Global LNG demand tallied 413 million tonnes in 2024, up 3% year-on-year, and is projected to rise by 2.9-3.5% to 425-427 million tonnes this year. Supply additions from the US, Qatar and Australia are set to accelerate, with some analysts warning of potential oversupply between 2025 and 2028.