PTT Thailand visits PV GAS
Based on the mutual agreement between Petrovietnam Gas Corporation (PV GAS) and PTT Thailand in November 2023 and to continue the exchanges between the two, PTT Thailand conducted a business visit to PV GAS on May 21st, 2024.
PTT Thailand visits Thi Vai LNG Terminal
PTT is the largest national oil and gas company in Thailand and has been the sole Thai enterprise to consistently make it onto the Fortune Global 500 list for consecutive years. Established in 1978, PTT has grown significantly and currently owned the entire gas pipeline system in the Gulf of Thailand and invested in gas fields in Myanmar. PTT has also been looking into power generation, petroleum product refining, oil and gas exploration and production, as well as retail gasoline and convenience store chains. In addition to traditional energy sectors, this Thai giant is vigorously transitioning to environmentally friendly energy forms and business models through investments in LNG terminals, LNG imports under term and spot contracts, and research/investment in the hydrogen value chain.
The working delegation exchanging experiences at Phu My Gas Distribution Center
On behalf of PV GAS, the leader of the Business Development Division and representatives warmly welcomed PTT Thailand. Experiences from PTT in the construction, operation, and maintenance of Map Ta Phut LNG Terminal, as well as those from PV GAS regarding Thi Vai LNG Terminal, were shared and lively discussions ensued. With similarities in the gas industry, the discussion between the two would provide huge support for PV GAS in enhancing the management capacity of the LNG infrastructure implemented and invested by PV GAS.
After a day of diligent and effective work, the PTT delegation expressed sincere thanks to PV GAS for coordinating the quality practical visit. They highly appreciated the scale, readiness, stability, and safety of the Vietnamese Corporation’s LNG infrastructure. Both sides also acknowledged to continue maintaining this collaborative relationship to concretize the agreed commitments, in line with management capabilities, investment capacity, development direction, and interests of each.
Both also agreed to continue seeking new cooperation directions in areas where they had potential and advantages in the near future.