PTT sets aside Bt229 bn investment for 2009-2013

Most of the investment budget, 58 per cent or Bt132.8 billion is set aside for investment in natural gas business. About 35 per cent or Bt80.6 billion is earmarked for investment in joint ventures. Only 4 per cent or Bt9.9 billion is set for the retail oil business.

"Most of PTT's investment shall be in gas business, major projects of which

comprise of the pipeline system, the gas separation plant unit 6, the Ethane

plant and the construction of NGV stations," Prasert Bunsumpun, president and CEO, said in the statement to the Stock Exchange of Thailand.

Joint ventures include PTT LNG Co Ltd, PTT Green Energy Pte Ltd, PTT Asahi Chemicals Co Ltd.

"However, PTT will closely monitor the economic situation and business plan and may adjust the investment plan as necessary in view of material change in market environment," Prasert said.