PTT Public : Notification of PTT Public Company Limited's five-year (Year 2020 - 2024) investment plan
January 16, 2020 at 07:08 am EST
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No. 80000001/45
January 16, 2020
Subject
Notification of PTT Public Company Limited's five-year (Year 2020 - 2024) investment plan
To
President,
The Stock Exchange of Thailand
PTT Public Company Limited ("PTT") is pleased to notify that Board of Directors Meeting held on January 16, 2020 approved the five-year (Year 2020-2024) investment plan of PTT and its wholly owned subsidiaries in an aggregate amount of Baht 180,814 million, details of which are as follows:
Unit: MMTHB
Business
2020
2021
2022
2023
2024
Total
%
Gas
5,799
4,774
1,019
40
40
11,672
6
Transmissions
9,579
3,396
5,624
6,461
6,665
31,725
17
Downstream
44
3
183
402
242
874
1
Technology and
5,836
2,850
1,924
1,444
1,167
13,221
7
Engineering
Head Office and
848
78
56
53
52
1,087
1
Others
JV and Wholly
47,204
30,314
21,678
12,145
10,894
122,235
68
Owned Subsidiaries
Total
69,310
41,415
30,484
20,545
19,060
180,814
100
PTT's investment plan focus in core businesses mainly in Gas business group in both PTT own operation (Gas business and Gas Transmissions) and its wholly owned subsidiaries such as expansion of Liquefied Natural Gas (LNG) receiving terminal capacity as well as other investments in Joint Ventures and wholly owned subsidiaries such as investment plan in oil and non-oil businesses in Thailand and overseas.
-2-
Additionally, PTT has set provisional capital expenditure for the next 5 years amounting to Baht 203,583 million to enhance value added and synergy among PTT Group from core businesses' expertise including LNG Value Chain, Gas-to-Power project, as well as new investments in energy businesses in accordance with national development plan, technology disruption, consumer behaviors and clean energy trends.
Please be informed accordingly.
Yours Sincerely,
(Mr. Chansin Treenuchagron)
President & Chief Executive Officer
Investor Relations Department
Tel 0 2537 3518
Fax 0 2537 3948
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PTT pcl published this content on 16 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 January 2020 12:07:03 UTC
PTT Public Company Limited is a Thailand-based company, which is engaged in the petroleum business. The Companyâs segments include upstream petroleum and natural gas, downstream petroleum, new business and infrastructure and Others. The upstream petroleum and natural gas segment includes petroleum exploration and production and natural gas. The downstream petroleum segment includes oil and retail, international trading and petrochemicals and refining. The oil and retail business engages in the oil and retail business including service station, EV station, food and beverage, convenience store, and related businesses in both domestic and overseas. Its products include Natural Gas for Automotive (NGV), Natural Gas Wholesale Market Customers and others. Its services include Natural Gas Services for Vehicles, Natural Gas Pipeline Transportation, Order Management Center (ORCC), PTT Electronic Bill Presentment & Payment, PTT E-Tax Web and Collateral Information Ptt.
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