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ENERGY
PTT Plc, the majority state-owned oil and gas company, has affirmed it did import liquefied petroleum gas (LPG), countering activists' claims that its import reports were a hoax.
The company elaborated that the shipments of LPG came in the form of two gases, separated in different tanks to prevent the risk of explosion, according to a company statement.
The imported gases were propane and butane, which were later processed into LPG. Separate containers were needed as the gases required different storage conditions.
PTT has been a target of attacks in recent years by activists, who seek to delist the company from the Stock Exchange of Thailand and return its status to that of a state enterprise.
Chaiwat Chooritt, a senior executive vice-president of the company, said that the fifth LPG shipment of 22,000 tonnes would arrive at the Si Racha deep-sea port on Sunday, increasing the total imported amount to 131,800 tonnes since April.
The company added that given the country's strong demand, particularly among motorists, the country would need to import 88,000 tonnes more a month until the end of this year, depending on the Energy Ministry's policies.
Mr Chaiwat said the LPG supply still met the local demand of 285,000 tonnes in June, of which 71,000 tonnes came from refineries and 214,000 tonnes from PTT's gas-separation plants.
Of the portion supplied by PTT, around 105,000 tonnes were sold to industries, households and vehicles while the remaining 109,000 tonnes were shipped to LPG gas traders under the quota system set by the Energy Ministry.
The company forecasts the demand for imported LPG will rise to one million tonnes next year unless there is a policy change.
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