Aramco, Thai PTT eye energy cooperation
Saudi Aramco on May 12 said it is exploring further collaboration with Thai state-run PTT, as it expands its downstream presence in Asia. The two companies signed a memorandum of understanding at a ceremony in Bangkok on May 11.
The companies aim to strengthen cooperation across crude oil sourcing and the marketing of refining and petrochemical products and LNG. Other potential areas of activity include blue and green hydrogen and various clean energy initiatives, Aramco said.
In Thailand, there is a demand both for decarbonisation and for a stable energy supply that supports economic growth. Japan's Jera last month concluded an MoU with Thai utility Electricity Generating Public Co. to develop LNG value-chain in the southeast Asian country,