The Thai oil and gas company PTT (51.1% state-owned) has released its 2021 results, posting a net income of THB108.4bn (US$3.4bn), compared to THB37.8bn in 2020 (US$1.2bn). The group sold over 416,000 boe/d of crude oil and gas in 2021 (+17.5% compared to 2020). PPT marketed 6.9 Mt of fuel gas in 2021 (+4%), including 3.1 Mt of LPG (+5.6%) and 2.2 Mt of ethane (-0.8%). PTT supplied an average of 399,000 bbl/d of petroleum products in Thailand in 2021 (-5.1%) and traded 1,364,000 bbl/d of oil products on international markets (+4.8%). PTT's refinery utilisation rate reached 95% in 2021 (-1% point compared to 2020). Finally, sales of electricity increased from 19.7 TWh in 2020 to 20.1 TWh in 2021 (+2.4%). By 2030, PTT aims to reach an LNG portfolio of 9 Mt/year, 8 GW of conventional power capacity and 12 GW of renewable capacity, and to cut its greenhouse gas (GHG) emissions by 15% between 2020 and 2030.