The PTT Public Company Limited is looking to invest 800 million baht in energy business expansion in Cambodia and Laos in the next five years.
The PTT planned to open 4-5 more gas stations in Laos and Cambodia each. The Thai energy giant already has 14 gas stations and 3 oil reserves in Cambodia. The new move is set to promote ‘PTT’ as a premium brand in the Asean region.
The company expected that the retail oil business in Cambodia will familiarise the PTT with doing business in the neighbouring country before it invests more in the future.
Meanwhile, during the 30th Asean ministers Meeting on Energy in Cambodia, Energy minister Arak Chonlatanon said the Thai government is placing an emphasis on developing green energy and is pushing for Asean to use the same alternative energy standard.