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

  • Kingdom's Covid cluster cases jump to 194

    The Ministry of Health on February 25 confirmed 65 new cases of Covid-19, with 58 linked to the February 20 community transmission. The latest cluster cases include nine Vietnamese nationals, five Cambodians, one each from Korea, Singapore and Japan, with the rest being Chinese. This brings the total number

  • Locations shut, dozens more Covid-19 positive

    The Ministry of Health has closed 23 locations in connection with the February 20 community transmission of Covid-19 and summoned for testing anyone who had direct contact with affected people and places. The number of discovered related infections has risen to 76, including 39 women. In a press release,

  • Cambodia's Covid cluster cases rise to 137

    The Ministry of Health on February 24 recorded 40 more cases of Covid-19, with 38 linked to the February 20 community transmission. Of the 40, two are imported cases involving Chinese passengers. The 38 include two Vietnamese nationals and one Cambodian, with the rest being Chinese. This brings the total cases

  • Covid cluster raises alarm, health bodies urge vigilance

    The Ministry of Health and the World Health Organisation (WHO) in Cambodia have expressed great concern over the February 20 cluster transmission of Covid-19 in the community. Both entities appealed for vigilance and cooperation in curbing further spread of the virus. Ministry spokeswoman Or Vandine said

  • PM confirms third Covid-19 community transmission

    Prime Minister Hun Sen on February 20 announced the Kingdom's third outbreak of Covid-19 community transmission after 32 people tested positive in just over 10 hours. Addressing the public from his residence after an emergency meeting, Hun Sen said: "I dub it February 20 Community Event, in which 32 cases

  • Cambodia's cluster cases jump to 259

    The Ministry of Health on February 27 recorded 26 more cases of Covid-19 linked to the February 20 community transmission, bringing the total to 259 in one week. The 26 include three Vietnamese nationals and one Cambodian, with the rest being Chinese. The ministry noted that five of the Chinese