14'45 16'00 '

1

• 14.45 - 16.00 ?. ???????????????????????????????
  
• ??? ????????????????????????????????????????????
  (???.)
• - ?????????????????????????????????????????????
  ?????????
• ?????????? (LPG)/ NGL ??????????????
  ?????????
• ????????????????? (????? ?????? LPG
  ???????? NGL)
• ????????????????????? ???????

2
Natural gas
Inerts
Impurities
Water
Other hydrocarbons
Methane
Carbon dioxide
Nitrogen
Ethane
Propane
Butane
Pentane plus
Organic sulphides
Mercaptans
H2S
3
Energy 1 MMBTU
4
(No Transcript)
5

• ???????????????????????????????????????????
  ????????????????????
• CnH2n2

????? (C1H4)
H
H
H
H
C
H
H
C
C
?????? (C3H8)
C
H
H
H
H
H
H
????????????
H
H
H
H
H
H
C
H
C
H
C
H
C
C
C
H
H
H
H
H
H
H
????? (C2H6)
?????? (C4H10)
H
H
H
????
C
H
C
C
H
H
H
C
H
H
H
6
CONVERSION CHART
NGV price at 7.64 ?/kg 212.54 ?/MMBTU
NG price 213 ?/MMBTU
Diesel price at 14.59 ?/L 397.29 ?/MMBTU
FO price (at 8.9 ?/L) 224.64 ?/MMBTU
LPG price at 14 ?/kg 294 ?/MMBTU
7
PTT Gas BU Only Integrated Natural Gas Player
PTT is the Sole Transmission Operator and Largest
Supplier and Distributor of Natural Gas in
Thailand
PTT Gas
PTT Gas Subsidiary
PTTEP (60.97) Gas Exploration Production
Marketing Distribution
NG
Transmission
Procurement
Feedstocks to Petrochemical Plants
Value-added NG products
Gas Separation
Fuel
Industrial
PTTs Investments (Non-Consolidated Associated
Companies)

• Trans Thai-Malaysia (Thailand) Ltd. (50.00)
• Trans Thai-Malaysia (Malaysia) Sdn. Bhd. (50.00)

• PTT Natural Gas Distribution Co., Ltd. (49.00)
• Thai LNG Co., Ltd. (10.00)

Currently has no business activitives
8
Natural Gas Value Added
Value Added Development in Petrochemical Industry
Power Production Fuel Cost Reduced by Improving
Efficiency
Engineering Plastic Price
Baht/KWh
/Ton (_at_ 2004)

• Investment Cost (_at_700 MW, 80 Lf., 25 yr)
• Power Plant Baht/kWh
• -- Thermal 0.70
• -- Combined Cycle 0.50

Plastic Product Price
Plastic Pellets Price
Olefins Price
1,750-3,500
Ethane Propane Price
Gas Wellhead Price
900-1,200
800-1,000
700-900
Fuel Cost
250-300
130-160

Efficiency
Thermal Power Plant
Gas Combined Cycle Power Plant
9
THAILAND NATURAL GAS UTILIZATION
POWER GENERATION

• 100

INDUSTRIAL FUEL

• 100

PIPETYPE SLUG CATCHER
DPCU

• 1981

• Dew point control

• On shore

• Off shore

NATURAL GAS IN THE GULF OF THAILAND
10
THAILAND NATURAL GAS UTILIZATION
POWER GENERATION

• 100

C1
INDUSTRIAL FUEL

• 80

PIPETYPE SLUG CATCHER
NGV
DPCU

• Dew point control

• 20

C2

• On shore

GSP1 350
GSP 2 250
FEED STOCK FOR NPC,TOC
C3

• Off shore

C3C4
GSP 3 350
GSP 5 530
INDUSTRIALS
RESIDENTIALS

• LPG

THAI OLEFINS AROMATICS
C5
GASOLINE POOL REFINERY

• NGL

CO2
DRY ICE FOR FOOD PRESERVATION
NATURAL GAS IN THE GULF OF THAILAND
11
Natural Gas Customers
Approximately 80 of natural gas sales are for
power generation thus demand for natural gas is
highly secured
Gas Demand by Customer in Q1/2004

• 2800 MMSCFD

Note Heating Value 1,000 BTU per standard
cubic foot
12
Gas TransmissionPipeline Networks
Thailand Natural Gas Transmission System

• Integrated gas pipeline network linking
  commercial gas fields to all customers
• Total pipeline network of 2,652 kms
• Total capacity of 3,170 MMCFD
• The upcoming Pipeline Master Plan 3 (revised)
  implementation caters the increasing gas demand
  for the next 10 years
• Total pipeline network of 4,013 kms
• Total capacity of 5,120 MMCFD

13
Natural Gas Demand Outlook
Unit MMSCFD_at_1,000 BTU/SCF
Ratch.Power SKL CC
GULF
GSP 1-6
New IPP
CAGR 6.6 50 New IPP GAS
IND
SPP
3rd pipeline
New IPP (50 gas)
Gulf/Ratch.Power
Future EGAT (SKL CC, SBK CC3, NBK, BPK CC5)
Existing IPP
EGAT NP
EGAT DCQ
Existing EGAT
Source Based on PDP 2004 approved by EGATs
Board on May 28, 2004
13
14
Gas Separation Plant (GSP) Units 1-5
PTT is the main producer of petrochemical
feedstock and LPG through its five gas separation
plants
TTM
Unit 5
2005
2004
Songkra
Rayong
Province
Province
530
450

• Nil

580

• Nil

300
182
500
20
170
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16
???????????????????????????????
Exploration Production
Natural Gas
Gas Separation Plant
LPG
NGL
Methane
Propane
Ethane
CO2
17
Petroleum-Petrochemical Synergy

• Exploration Production

• Other HC

• Natural Gas

• Condensate

• Crude

• Refinery

• Condensate Splitter

• Gas Separation Plant

• Fuel

• Others

• Feedstock

• Fuel

• Feedstock

• Feedstock

Upstream Petrochemical
Bitu men

• Sul
• pher

Solvent

• Lube
• base

• Carbon
• Black

• Olefins

• Alkanes

• Aromatics

• Intermediate
• Downstream
• Petrochemicals

• Intermediate
• Downstream
• Petrochemicals

• Intermediate
• Downstream
• Petrochemicals

• Plastics, Fibres, Rubbers, Elastomers, Coating,
  Adhesive Meterials

18
Thailands Natural Gas Value Added Development
Value Added Development
Natural Gas Development
Unit Kton/yr
GBPC
1st P/L
GSP 6
CAGR 14
NPC Expansion
Fuel
3rd P/L phase2
Feedstock
POWER
Export
TOC Debottleneck
3rd P/L phase1
INDUSTRY
2nd P/L
GSP 22
TOC Expansion
GSP 5
CAGR 12
CAGR 21
GSP
TOC
GSP 4
ROC
GSP 3
IND 10
Export
NGV
NPC
GSP 2
Power 68
GSP 1
Note - GBPC Gas Based Petrochemical Complex
19
Olefins Yield Factors (Ton/Ton of Ethylene)
20
Natural Gas Value Chain Development from PTTs GSP
GSP AT RAYONG (_at_ 2003 Figures at actual heat)
Yanada,Yetagun
POWER/IND./NGV ( 2,075 MMSCFD)
By Pass (667 MMSCFD)
DPCU
TPE/TPC (218 KTA)
ETHYLENE
C1
Spot/Export (197 KTA)
(376 MMSCFD) (107)
COMMON HEADER
HDPE 250 KTA
C2
GSP 1 350 MMSCFD
CO2 REM.
PROPYLENE
C3/LPG
HMC/TPE (84 KTA)
NGL
Spot/Export (38 KTA)
Natural Gas From Gulf of Thailand (1,700
MMSCFD)
(267 MMSCFD) (107)
C1
BPE/TPE/VNT/SSMC (352 KTA)
ETHYLENE
C2
GSP 2 250 MMSCFD
C3/LPG
Spot/Export (56 KTA)
NGL
Debottleneck 250 KTA-Olefins
PROPYLENE
TPP (79 KTA)
ETHYLENE
(390 MMSCFD) (111)
C1
C2
Spot/Export (199 KTA)
New Cracker 300 KTA
GSP 3 350 MMSCFD
C3/LPG
EO/EG 300 KTA
NGL
GSP1-3 1,033 MMSCFD
Mixed C4
BST
PyGas
C1
Domestic (ATC,TPI)
GSP 5 530 MMSCFD
C2
LPG
C3/LPG
CO2 REM.
Domestic (988 KTA)
NGL
Export (237 KTA)
NGL
Under-construction
Domestic (66 KTA)
OIL
C2 ETHANE C3 PROPANE
C1 SALES GAS
21
Future GSP Value Chain Expansion (All Gas Landed
at Rayong to be Processed)
22
PTT Group Business Value Chain
Ethylene
Ethane
HDPE/LDPE
Propylene
PE
VCM
PVC
Propane
Propylene
PDH Unit
PP
LPG
PTT Gas Separation Plant
PP
Propylene
PE
Ethylene
VCM
NGL
PVC
Polyester/PET
EO/EG
Naphtha
Light Naphtha
Mixed C4
Butadiene/MTBE
Domestic Refineries
Py gas
Raffinate
Raformate
SBR
Styrene
PS
ABS
Benzene
Condensate
Import
PTT Group
Cumene Phenol
BPA
Full range Naphtha
Cyclohexane
Caprolactum
Paraxylene
Polyester/PET
PTA
PTT Group PTTNPCTOCATC
Orthoxylene
Plasticizer
PA
23

• GSP product Customer

24
?????????????????????????????
25
Ethane Value Added Chain
Sales gas
EGAT, SPP/IPP,Industry
GSP RY (538.0)
Ethane
NPC(484.6)
Ethylene
P/L
TOC(48.0)
Ethylene
Ethane
?????????????, Volume at 2003
UNIT (KTONS/YR)
26
C3LPG Value Added Chain
BST, ARC (37.3, 242.3)
NPC(267.4)
P/L
Ethylene, Propylene
P/L
GSP RY (1506.4)
TOC(257.9)
Supply sales(493.9) Union gas,Siam gas, Unique
gas, World gas Caltex, Sang Thong
P/L
ROC
ATC (165.4)
C/S
Export (256.7)
Industry(124.5)
T/L
C/S
??????/???????? (2.5)
Domestic (1199.1) BRP, M/T
REFINERY (458.9) (BCK, LKB, SPRC, Thai Oil, RRC)
P/L
Train
????????/??????? (522.1)
T/L
Domestic (201.5) SURAT, SONGKHLA
C/S
GSP IV (201.5)
??????? (31.0)
Export (12.3)
UNIT (KTONS/YR)
27
NGL Value Added Chain
ROC (38.7)
Olefins
TOC(399.6)
GSP RY (334.9)
P/L
SCL (24.51)
C5 Return (2.8)
Import
T/L
ULR92
Stabilizer (245.3)
Industry (1.2)
ALT (22.7)
PTT-O
P/L
Thai Oil(107.4)
M/T (98.8)
C/S
Export (0)
GSP IV (51.6)
C/S
Export (54.1)
UNIT (KM3/YR)
?????????????, Volume at 2003
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DIAGRAM ??????????????????????? PROPANE
PIPE 6 (3.2 Km.)
PROPANE STORAGE TANK
PIPE 4 (61.2 Km.) (OPTION PIPE 8
)
??????????????????????? ???????? 1 , 2 , 3 , 5
PIPE 6 (0.2 Km.)
PROPANE
LPG
29
DIAGRAM ??????????????????????? LPG
PIPE 10 (46 Km.)
PIPE 10 (61.2 Km.) (OPTION PIPE
10 8 FOR SMT )
??????????????????????? ???????? 1 , 2 , 3 , 5
PIPE 6 (0.2 Km.)
PIPE 8 (4.8 Km.)
PIPE 8 6 (3.2 Km.)
PIPE 6 (1.85 Km.)
30
DIAGRAM ??????????????????????? NGL
PIPE 8 (61.2 Km.) (OPTION PIPE
4)
??????????????????????? ???????? 1 , 2 , 3 , 5
PIPE 4 (2.2 Km.)
PENTANE NGL
T401A
31

• LPG Distributied by PTT OIL

Lampang-LMP
Khonkaen-KKN
Lankrabue-LKB
Nakhonsawan-NSW
Bangchak-BCK
Kaoboya-KYB
Banrongpo-BRP
TORC ESSO RRC SPRC TPI GSP1-3 BST
BCK,BCP
Export
TORC
KYB BRP
Suratthani-STN
GSP 4
LPG Tanker Rail Tanker LPG Truck Truck to
customer Pipeline
GSP1,2,3 RRC SPRC, BST
Songkhla-SKL
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?????????????????????????????
PROPANE
ETHANE
LPG
NGL
33
???????? Petrochemical Demand ?????? ACN
Project
34
???????????????????????
35
??????????????????????????? LPG / NAPHTHA /
ETHYLENE / PROPYLENE
??????? 24/2547 ?????? 13 ???????
2547 ??? Platts Argus ??? ?.?.?????
????????????? ??./???. 3545 ___________________
__________________________________________________
__________________________________________________
___

???? CP Aug04 (5050) 340.5 /Ton
???? LPG ???????? ?????? 9 - 15 ?.?.47
???? Aug-04 CP Swaps
???/?.?. ???? ? ????????
13.0754 ???? ? ???????????? 15.4624
????????????????????? (3.0055)
??????????(?????? VAT) 12.4569 ???????????
(??? VAT) ????????? ????????
?????????????????? LPG ? ???????? ?????????
315 /Ton ????????????? ????????? 185 /Ton
CP (Swaps) Aug-04 Propane
338 Butane
343 Export(5050)
340.5 Domestic(6040) 340

CP swaps BID Sep/Oct-04 Propane
374/377 /T Butane
- /T