Dr. Kongkrapan Intarajang, President & CEO, PTT Public Company

The Asian energy market has its peculiarities, such as high dependence on the fossil fuel, unstable energy prices, and the need to transition to renewable sources. Asian countries especially developing nations are in a search of secure and low cost energy supply to feed their rapid industrialization process while at the same time being environmentally conscious. The region requires sustainable energy solutions, updated infrastructure, and compliance with the regulations, as well as energy affordability for increasing population.

PTT Public Company Limited which is Thailand based state owned oil and gas organization has adapted to these challenges through sustainability, innovation, and regional integration. PTT is involved in energy value chain and serves a strategic position in meeting the increasing energy demand of Asia as well as promoting Thailand’s energy policies and development. In addition to its commitment to provide stable supplies of energy in Southeast Asia, the company is involved in renewable energy development and technological solutions for the energy transition in Asia.

Corporate Governance and Regional Leadership

PTT has chosen its competitive advantage based on corporate governance where it has a sound and clear policy of being answerable to its stakeholders in all its operations. This is especially the case in Asia where the energy companies are faced with multiple and diverse regulatory systems within different countries. Equitable governance practices that PTT applies to its management increase its credibility and make it one of the key players in defining energy policies in Southeast Asia. Being a state enterprise, PTT works in cooperation with regional governments to create policies that would guarantee energy security and at the same time would adhere to the principles of sustainable development.

Sustainability in the Asian Context

Sustainability is at the core of PTT’s vision, especially in the provision of energy solutions for the increasing energy needs in Asia without compromising on the environment protection. Environmental sustainability is incorporated into the organization’s operations through energy management and substantial capital expenditure in renewable energy, including solar and wind. This focus on clean energy is important for Asia where most countries are struggling to balance the reduction of carbon emissions and growth. The firm’s undertakings in low carbon energy development are in line with the regional initiatives in the fight against environmental degradation and in the promotion of sustainable energy security.

Innovation and Technological Advancement

PTT is also unique in the Asian energy market in terms of its focus on the research and development (R&D). Technological development is considered the key priority of the company with the focus on emerging energy sources and digital tools for efficient energy generation and supply. Given the fact that energy demand is expected to rise significantly in Asia, technology investments by PTT remain crucial in order to produce energy and consume it in the right manner. This focus on innovation positions it as a modern energy company that is able to meet the dynamic demands of the region’s growing economies.

Regional Integration and Infrastructure Development

PTT plays an active role in the construction of Asian energy interconnections as the region’s energy interconnections become more integrated. In joint ventures and partnership with other energy companies in Asia, PTT contributes to the development of energy grids and transport infrastructure in the region that is critical in enhancing the stability of energy supply. These endeavours help in the energy trading in Asia, and assist countries to manage their energy demand and supply, and also achieve better access to cleaner energy.