Dr. Kongkrapan Intarajang, President and Chief Executive Officer of PTT Public Company Limited (SET: PTT), reaffirmed the company’s role as the nation’s energy leader, driving the energy transition alongside the Net Zero target for 2050 through the development of the LNG business and carbon capture and storage technology (CCS).
PTT Group operates under the “Energy Trilemma” framework, covering three main dimensions: energy security, equitable energy access, and environmental sustainability, with an aim of reducing greenhouse gas emissions across all processes. This is aligned with the concept of “balanced sustainability,” considering economics, society, environment, and governance.
The LNG business is central to PTT’s strategy for maintaining the country’s energy stability, while upgrading infrastructure to enable Thailand’s emergence as a regional LNG hub. Currently, there are two operational LNG receiving terminals in the country and one more under construction, supporting the import, storage, and distribution of LNG for the power and industrial sectors.
Simultaneously, PTT aims to become a global LNG player with an LNG trading portfolio of 10 million tons per year by 2030, increasing to 15 million tons per year by 2035 through three core strategies: portfolio expansion, risk diversification, and enhancing management flexibility.
Another key pillar is CCS technology, which covers carbon capture, transportation, underground storage, and utilization of CO2 across various industries.
For Thailand, PTT Group targets a 15% reduction in greenhouse gas emissions by 2035 and aims for Net Zero by 2050 via the C3 strategy: transitioning the business portfolio to low-carbon operations, enhancing asset efficiency, and fostering collaboration across all sectors.
CCS in Thailand started from a pilot project at the Arthit natural gas field, which reached the final investment decision in 2025 and is expected to commence operations in 2028, cutting carbon emissions by about 1 million tons per year. This initiative will be expanded to the Eastern Thailand CCS Hub in Chonburi-Rayong, with a storage target of 5–10 million tons per year, rising to 60 million tons in the long term to bolster the country’s Net Zero ambition.
PTT sees CCS as not only a carbon reduction tool, but also a driver of the Thai economy over the next 10–20 years, via infrastructure investment, technology enhancement, and new industry creation. The company is also applying knowledge from CCS technology studies in Hokkaido, Japan, to reinforce Thailand’s energy security and sustainable growth.
