# Thai energy and technology sector developments

> Developing situation record from CLSTR: https://clstr.news/situations/thai-energy-and-technology-sector-developments
> Updated: 2026-11-04T02:45:20.000Z. Sources: 2. Developments: 2.

Thai energy and technology companies are pursuing various strategic expansions and infrastructure projects. PTTEP reported a nine-month profit of 54 billion baht, supported by increased sales volumes. The company is expanding its gas development through Farm-Out Agreements in Malaysia to co-invest in the Lang Lebah and B14 gas fields, and has reached a Final Investment Decision for the Busbong gas field in the Gulf of Thailand.

Other domestic developments include PTT increasing its LNG stocks by 23 billion baht and constructing new storage tanks to mitigate geopolitical energy risks. In the clean energy sector, Banpu Next is targeting 300 megawatts of capacity in Thailand by 2030. Additionally, the Thai Cabinet has approved 5.8 billion baht to subsidize electric train fares for commuters in the Bangkok area.

## Timeline

### 2026-11-04: Thai energy and technology companies report strategic developments

Thai companies report major shifts: PTT expands LNG storage, MGC plans XPENG partnership, and the government approves subsidies for Bangkok electric train fares.

2 sources. https://clstr.news/cluster/thai-energy-and-technology-companies-report-strategic-developments

### 2026-11-02: PTTEP reports 54 billion baht profit and expands gas development

PTTEP reported 54 billion baht in nine-month profit and announced major gas field developments in both Thailand and Malaysia through strategic partnerships.

2 sources. https://clstr.news/cluster/pttep-reports-54-billion-baht-profit-and-expands-gas-development

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Cite as: Thai energy and technology sector developments. CLSTR, https://clstr.news/situations/thai-energy-and-technology-sector-developments