Five-Year Plan and Financial Outlook
Energy Transition
2
Global
1
Climate change is Top Agenda
GHG Reduction to sustain
E&P business
• Gas is a transition fuel
⚫ Electrification is the future
Stakeholders demanding
lower carbon footprint
• New Policy & Incentives
for green investment
Easy Access & Cheap
Funding from Investor
-
-
Thailand
• 2030 GHG reduction
target 20%
• Net-zero emission year
being defined
• Climate Change Act
being prepared
• Govt. plans to
Change fuel mix
Support goods from
-
low-carbon processes
Encourage Carbon
Capture and Storage
Hydrogen H₂
zero emission
Shifting to low carbon energy
Renewables growing at
10% CAGR from 2010-
2040
H₂ Society becomes
aspiration for many
countries
⚫ Renewables growing at
2-3% CAGR (2019-2050)
•
H, Symposium & H₂
Thailand Working Group
established among private
sectors
Fossil Fuel demand will peak
⚫ Peak Oil: 2028-2040+
by speed of growth in EVs
• Peak Gas: 2037-2040+
by growth in renewables
Peak Oil: 2034
by clean energy & policy
• Peak Gas: 2040+
by technology
development
7
PTTEP
Energy Partner of Choice
Source: Various Org. Consultant (IEA, McKinsey, Wood Mac, BCG, Rystad, etc.) and PTT TTS #2 cloud scenarioView entire presentation