Thailand’s PTT has published its results for the first quarter of 2026 and announced plans to significantly expand its presence in the LNG trading sector by 2035 (PTT press release, 20/05/2026).
The state-owned oil and gas company aims to increase its LNG trading volumes to 10 Mt/year by 2030 and 15 Mt/year by 2035, compared with approximately 2.2 Mt recorded during the first nine months of 2025. This strategy reflects a transition from its traditional role as a domestic supplier toward a more active position in the global gas trading market (Nikkei Asia, 21/05/2026). According to the company’s CEO, PTT intends to benefit from price volatility driven by geopolitical tensions, particularly those impacting supply routes in the Middle East. “Higher energy prices are creating opportunities for us,” he stated.
According to the press release, PTTEP will also accelerate its exploration and production activities in order to reinforce Thailand’s energy security while continuing its planned international expansion.