Logo of Phnom Penh Post newspaper Phnom Penh Post - PTT to scale down LPG import as demand falls

PTT to scale down LPG import as demand falls

Content image - Phnom Penh Post
PTT Pcl will slow down the import of liquefied petroleum gas (LPG) in the second half of this year as the Covid-19 outbreak has reduced domestic demand, Thai Department of Energy Business director-general Nanthika Thangsupanich. The Nation (Thailand)

PTT to scale down LPG import as demand falls

Thai-listed State-owned energy giant PTT Pcl will slow down the import of liquefied petroleum gas (LPG) in the second half of this year as the Covid-19 outbreak has reduced domestic demand, Thai Department of Energy Business director-general Nanthika Thangsupanich.

She said: “PTT Pcl has informed the department that in July it only imported 9,000 tonnes of LPG for domestic use and has not submitted any additional import plan for the rest of the year.

“In the first half of 2020, the average domestic demand of LPG is at 15 million kg per day, down by 16 per cent compared to the same period last year.

“We estimate that average domestic demand for the whole year will be at around 14.9 million kg per day.”

Nanthika added that the sector that saw the biggest decrease in LPG demand was transportation, which dropped from last year’s demand at around 30.6 per cent, followed by the petrochemical, industrial and household sectors.

The department also reported that Unique Gas and Petrochemicals Pcl is another active LPG importer besides PTT, but they import solely for export at 3,000 tonnes per month.

Nanthika said: “As for Siam Gas and Petrochemicals Pcl, they stopped importing LPG since mid-2019 and have been buying LPG from PTT instead.”

The department predicts that by 2037 the domestic demand for LPG in the transportation sector will drop to 280,000 kg per day from the 2.8 million kg per day recorded last year, as more people will shift to gasohol, biodiesel as well as electrical vehicles.

THE NATION (THAILAND)/ASIA NEWS NETWORK

MOST VIEWED

  • Hungarian exposes 90 to Covid in Siem Reap

    The Ministry of Health has discovered 90 people who have been exposed directly or indirectly to a Hungarian man infected with Covid-19. They all are required to quarantine at home and the hospital. The ministry is searching for other affected people. Among the 90, one is the

  • PM warns of ‘new Cold War’

    Prime Minister Hun Sen said the possibility of a so-called new Cold War has become a significant concern and that all countries have to reject outright, any attempt to allow history to tragically repeat itself. He made the remarks in a speech during 75th Session

  • PM: West unfair to Cambodia

    Prime Minister Hun Sen released a message celebrating the International Day of Peace on Monday, saying that some major powers and western countries had been systemically cooperating to put political pressure on Cambodia as they did in the 1970s and 1980s. Hun Sen said pressuring

  • ‘Bad news is an investor’s best friend’ – unlocking investment potential in Cambodia

    It is time to shop. Economic woes provide good pickings for investors if they know where to look The poem If, written by English Nobel laureate poet and novelist Rudyard Kipling for his son circa 1895, is widely perceived as fatherly advice for John who would

  • PM requests Russia’s Covid vaccine

    Prime Minister Hun Sen has requested that Russia provide Cambodia with its Covid-19 vaccine after the former announced it planned on mass vaccinating its population next month. The request came on Thursday through the prime minister’s Facebook page as he met with Anatoly Borovik,

  • First ‘mobile kitchen’ in Cambodia enters service

    A catering company recently rolled out Cambodia’s first “mobile kitchen” – a $50,000 container capable of serving up to 200 people at a time. The kitchen is the brainchild of Seng Hok Heng Catering Services. At 4.4m-high, 6.8m-long and 2.4m-wide (expandable to 6.8m), the kitchen is equipped