Myanmar focus seen in revised PTT 5-year plan

Chief financial officer Surong Bulakul said yesterday that the revision to the capital-expenditure plan for 2013-17 would be completed and forwarded to the board for consideration in December.
A clearer domestic plan for next year will be made for pipelines and logistics, including rail and warehouses, for liquefied petroleum gas (LPG).
Next year’s international plan will be weighted towards neighbouring countries, particularly Myanmar, where PTT will join with PTT Exploration and Production to build an offshore processing platform for natural gas and a gas-pipeline system.
The petroleum retail business will also get more filling stations in Myanmar. PTT sees refinery and petrochemical investment in Myan-mar as a 10-year plan, as infrastructure will need to be built up.
The National Energy Policy Committee at its October 4 meeting approved the third master plan for the gas-pipeline system, with an additional amendment. The master plan raises investment by Bt17.7 billion, or 8.9 per cent, to Bt217.37 billion from Bt199.67 billion. The extra investment will go to an existing project for a gas-pipeline system to the region and two new projects for enhancing gas-system efficiency.
The existing project’s investment is raised to Bt23 billion from Bt16 billion.
Of the two new projects, Bt9 billion goes to stations to increase gas pressure in pipelines in Chachoengsao and Bt1.7 billion to build a natural-gas mixing unit at the gas-control station at Ratchaburi-Wang Noi 6.
PTT’s board last December 23 approved investment of Bt357.99 billion over five years, of which Bt185.31 billion was for already-approved projects and Bt172.69 billion for new ones, depending on investment opportunity. Of the total, 33 per cent is for the natural-gas business, 14 per cent for the petroleum business and 50 per cent for joint investment and investment in subsidiaries.
The remaining 3 per cent is for the head office and other fixed assets.