Thai PTT mulls foray into local retail propane market

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February 16, 201610 yr

Thai oil company PTT is looking to expand its retail liquefied petroleum gas (LPG) business into Cambodia and other Asian markets, a company executive said yesterday. Bin Many Mialia, marketing division manager for PTT (Cambodia), said the company sees a rising demand for LPG – a mixture of propane and butane – which is a clean-burning fuel used in homes, factories and vehicles.

“We have conducted research on Cambodia‘s market,” he said. “This is normal for a business, as we need to expand our market for LPG to remain competitive.” He added that PTT would aim to increase the use of LPG in Cambodia to about 4 to 5 per cent of the Kingdom’s total fuel market.

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