PTT Public Company Limited has committed to investing 25 billion baht in 2025, part of its 55 billion baht five-year investment budget, primarily focused on infrastructure projects including gas pipelines, ports, and trading.

This investment is aimed at enhancing PTT’s business potential and increasing income, benefiting both investors and the public.

The planned investment is slightly lower than the 26 billion baht allocated in the previous year, reflecting a strategy shift towards cost-effective investments with higher returns.

As part of its ongoing business restructuring, PTT has recently discontinued its electric vehicle (EV) business and reallocated funds to strengthen its core areas such as refining and petroleum exploration.

Negotiations are currently underway in these sectors, with PTT expecting a resolution soon.

Amid rumors about potential mergers involving subsidiaries such as PTT Global Chemical (GC), Thai Oil (TOP), and IRPC, PTT confirmed that these reports were untrue, attributing them to miscommunication.

Kongkrapan Intarajang, CEO of PTT, also commented on the global economic situation, noting that the International Monetary Fund (IMF) predicts global GDP growth at 3.3%, with Thailand's economy growing at 2.9%.

He highlighted the potential impact of US policies under President Donald Trump on trade, currency, and interest rates, emphasizing that PTT would monitor these factors closely in its investment decisions.

Addressing the energy sector, Kongkrapan assured that PTT would remain unaffected by the reduced focus on clean energy under the current US administration.

PTT continues to invest in carbon capture and storage (CCS) and hydrogen initiatives, aligning with global energy trends.

In regard to the government's plan to reduce electricity prices by adjusting gas prices, PTT has not yet coordinated with the Ministry of Energy but has supported price reductions in the past.

PTT also provided updates on its 2024 performance, reporting a slight 1.7% decrease in sales revenue, with a net profit of 90 billion baht, down 19.6%.

The decline was attributed to reduced sales revenue from international trading, despite increased sales in refined oil and LNG.

However, the gas separation plant and gas pipeline businesses saw growth in sales volume and prices.

The exploration and production petroleum business recorded an increase in revenue despite a drop in average sale prices.