Krungsri supports long-term financing for PE LNG, strengthening Thailand's energy security for sustainable future

PE LNG operates a Liquefied Natural Gas (LNG) Map Ta Phut Terminal 2 (LMPT-2), located in Ban Nong Fab, Rayong Province. With a regasification capacity of 7.5 million tonnes per annum (MTPA), LMPT-2 is strategically important infrastructure project that enhance Thailand's energy security.

Mr. Prakob Phiencharoen, Krungsri Head of Corporate and Investment Banking Group, said, "Krungsri is honoured to support PE LNG, the operator of LMPT-2, a strategic energy infrastructure project which not only enhances Thailand's energy security but also aligns with the government's policy to drive the energy transition toward a cleaner and more sustainable energy. As a strategic transition fuel, natural gas plays a key role in the shift from fossil fuels to renewable energy, enabling Thailand to move forward with a stable and sustainable energy transition while maintaining energy security and economic stability. This financial support reinforces Krungsri's long-term partnership with PTT Group and EGAT Group and reaffirms our commitment to becoming a leading bank for sustainability."

Mr. Somchai Ramart, Managing Director, PE LNG Company Limited, said, "On behalf of PE LNG, I would like to express our gratitude to Krungsri for providing long-term loan support. This collaboration reflects the strong relationship among PTT Group, EGAT Group, and Krungsri, in supporting energy security and sustainable growth for Thailand."

Ms. Pattaralada Sa-ngasang, Chief Financial Officer, PTT Public Company Limited, graciously extended her congratulations and remarked "The long-term loan facility secured from Krungsri reaffirmed the unwavering confidence and steadfast support to PTT Group's business. PE LNG will use this funding to repay its existing loan from PTT, enabling PTT to reinvest in strategic initiatives. This move reinforces PTT Group's commitment to energy security in alignment with PTT vision, while promoting sustainable growth in harmony with Thai society."

Ms. Somchit Dansriprasert, Assistant Governor - Finance, Electricity Generating Authority of Thailand, said "EGAT is delighted and honored to participate in today's loan agreement signing ceremony, which reflects strong relationship and close collaboration between our organizations. This partnership is instrumental in advancing business development and strengthening the nation's energy capabilities."

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