PTTEP has expanded its investments in Thailand's energy sector by acquiring a stake in the MTJDA A18 project and advancing the country's first Carbon Capture and Storage initiative.

Target Information

PTT Exploration and Production Public Company Limited (PTTEP) is a prominent player in the energy sector, dedicated to expanding its strategic investments to fuel long-term growth and reinforce national energy security. Notably, PTTEP is advancing Thailand's first Carbon Capture and Storage (CCS) project at the Arthit gas field, aligning with the country's net-zero greenhouse gas emissions objectives. During the first nine months of 2025, the company contributed over THB 43,700 million to the Thai government through various royalties and taxes, underscoring its commitment to national development.

In the third quarter of 2025, PTTEP increased its stake by acquiring a 50% participating interest in the Malaysia–Thailand Joint Development Area (MTJDA) A18 project. This natural gas field is crucial for supporting Thailand's energy needs, with a current output of approximately 600 million standard cubic feet per day (MMSCFD), providing about 6% of the country’s domestic gas demand. This strategic investment is expected to enhance PTTEP's revenue and petroleum reserves significantly.

Industry Overview in Thailand

The energy sector in Thailand is undergoing transformative changes as the nation actively seeks to reduce its carbon footprint while ensuring sustainable energy supply. The government is prioritizing initiatives such as