PTT International Trading

What PTT International Trading does

PTT International Trading focuses on international trading of crude oil, refined petroleum products, liquefied natural gas, petrochemicals, and feedstocks. The company manages procurement, import, export, and physical and paper trading across these energy and chemical commodities. PTT International Trading also engages in derivatives trading to manage price exposure and provide pricing and liquidity solutions along the energy value chain. Its activities include balancing supply and demand for domestic petrochemical plants, supporting fuel supply needs, and optimizing trading flows. The company works with shipping and chartering counterparts to support seaborne movements of cargoes as part of its integrated trading operations.

Name

PTT International Trading

Legal name

PTT International Trading Pte Ltd

Website

https://www.ptt-trading.com

Company type

Private

Founded year

2000

Operating status

Operating

Short description

PTT International Trading trades crude oil, petroleum products, LNG, petrochemicals, derivatives, and related energy commodities.

Ownership category

akta.pro rank

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Crude Oil Trading: Trading, sourcing and supplying millions of barrels of crude oil every day across all key crude grades worldwide through partnerships with producers and refiners. Revenue is generated through physical commodity trading margins.
2. Petroleum Products Trading: Procurement, importing and exporting of refined petroleum products including LPG, light distillates, middle distillates, and heavy distillates. Ensures Thailand's supply and demand balance while maximizing value for customers worldwide.
3. LNG Trading: Trading liquefied natural gas which serves as feedstock for power generation. Trading desk established in 2019 with portfolio grown to over 4.0 MTPA by 2023. Revenue generated through trading margins and arbitrage opportunities.
4. Petrochemical & Feedstock Trading: Balancing supply and demand of petrochemical products from domestic petrochemical plants covering aromatics and olefins chains. Trading of feedstock, by-products, and chemicals including benzene, ethylene, propylene, methanol, and others.
5. International Chartering: Chartering services for crude, product, petrochemical, gas, drybulk and LNG vessels. Provides competitive chartering services for internal trading departments, PTT business units, affiliates, and third parties.
6. Derivatives Trading: Price risk management services providing transparent pricing and liquidity for clients and stakeholders. Offers hedging solutions and connects with more than 70 counterparties and 60+ trade indices.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PTT International Trading Pte Ltd is the international trading arm (TBU) of PTT Public Company Limited, operating as a fully-integrated global commodity trader. The company procures, imports, exports, and trades crude oil, refined petroleum products (LPG, light, middle and heavy distillates), liquefied natural gas (LNG), petrochemicals and feedstocks, derivatives, and related energy commodities. It also provides international vessel chartering services across crude, product, petrochemical, gas, drybulk and LNG segments, supported by a global office network in Singapore, London, Houston, Abu Dhabi, and Shanghai.

Product overview

PTT International Trading Business Unit operates as a fully-integrated international commodity trading organization offering a comprehensive portfolio of trading services. The core offerings include Crude Oil Trading, Petroleum Products (LPG, light/middle/heavy distillates), Liquefied Natural Gas (LNG), Petrochemical & Feedstock (aromatics, olefins, solvents), International Chartering services, Derivatives Trading for price risk management, and Future Energy initiatives including renewable energy and hydrogen. These services are delivered through global offices in Singapore (headquarters), London, Houston, Abu Dhabi, and Shanghai, enabling worldwide commodity trading with asset-backed positioning.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Oil Trading International trading, sourcing and supply of crude oil across all key crude grades worldwide through partnerships with producers, refiners, NOCs, and trading houses, with trading volumes exceeding 1,000 million barrels per day across 100+ crude grades.
• Petroleum Products Trading Procurement, import, export and trading of refined petroleum products including LPG, light distillates, middle distillates, and heavy distillates, balancing Thailand's supply and demand while maximizing value for global customers.
• Liquefied Natural Gas (LNG) Trading LNG trading serving as feedstock for power generation, with portfolio grown to over 4.0 MTPA covering more than 20 countries and 180 cargoes traded in 2023 across East and West continents.
• Petrochemical & Feedstock Trading Trading of petrochemical products across aromatics (benzene, styrene, paraxylene), olefins (ethylene, propylene), by-products (naphtha, condensate), solvents (methanol) and feedstock chemicals, with volume of 4 million metric tons across 31 countries and 33 products.
• International Chartering Chartering services for crude, petroleum products, petrochemicals, gas, drybulk and LNG vessels provided to internal trading departments, PTT business units, affiliates, and third parties, completing 971 shipments visiting 217 ports worldwide in 2020.
• Derivatives Trading Price risk management services providing transparent pricing and liquidity across 70+ counterparties and 60+ trade indices, with total derivatives trading volume of approximately 1 million barrels per day for hedging and value chain participants.
• Future Energy

Quantifiable outcome

• Crude oil trading volume: 1,000+ MMBBL/DAY with 100+ crude grades traded worldwide
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Oman LNG L.L.C.majorStrategic or Co-development Partner · 29 August 2024PTT International Trading Pte Ltd signed an LNG Sales & Purchase Agreement with Oman LNG L.L.C. on August 29, 2024. The agreement was signed by Mr. Pongpun Amornvivat, Chairman and Director of PTT International Trading, along with Managing Director Mrs. Tanunporn Tangpithakkul, and Mr. Hamed Al Naamany, Chief Executive Officer of Oman LNG L.L.C. This partnership strengthens PTT's LNG supply portfolio and supports the company's goal to expand LNG trading activities globally.

Scale indicators16 records

Recent moves20 records

Expansion highlights5 records

Direct peers

• Trafigura: Trafigura is one of the world's largest independent commodity trading houses, with a major focus on crude oil, petroleum products, and petrochemicals. It is a direct peer to PTTT in physical commodity trading, chartering, and derivatives trading across global markets.
• Vitol: Vitol is the world's largest independent energy and commodities trader, with leading positions in crude oil, refined products, LNG, and petrochemicals. It is a direct peer to PTTT in physical oil trading, LNG portfolio management, and global trading desk operations.
• Mercuria Energy Trading: Mercuria is a major independent commodity trading house with significant crude oil, petroleum products, and petrochemicals trading. It is a direct peer to PTTT in physical commodity flows, chartering, and global trading operations.
• Gunvor Group: Gunvor is a leading independent commodity trader with extensive crude oil, refined products, and LNG trading operations. It is a direct peer to PTTT with similar global trading footprint, asset-backed trading approach, and counterparty network across NOCs and refineries.

Broad incumbents

• Glencore Energy: Glencore is a major diversified commodity trader with a significant Energy division trading crude oil, refined products, and LNG. It is a broad incumbent peer, with PTTT operating in a more focused geographic and product footprint compared to Glencore's global scale.
• BP Trading & Shipping: BP Trading & Shipping is the integrated trading arm of BP, one of the world's largest oil majors. It is a broad incumbent peer to PTTT in crude oil trading, petroleum products marketing, and LNG trading, though operating with much larger scale and integrated upstream assets.
• Shell Trading & Supply: Shell Trading is the integrated trading arm of Shell, one of the world's largest LNG producers and oil majors. It is a broad incumbent peer to PTTT in crude oil, LNG, and petroleum products trading, with substantially larger scale and asset-backed positions.
• TotalEnergies Trading & Shipping: TotalEnergies operates one of the largest integrated oil and LNG trading operations among the Western supermajors. It is a broad incumbent peer to PTTT in global oil products trading, LNG portfolio optimization, and chartering operations.

Regional players

• PetroChina International: PetroChina International is the international trading arm of PetroChina, China's national oil company. It is a regional peer to PTTT in crude oil and LNG trading across Asia, with overlapping customer base and competitive positioning in East Asian markets.
• Petronas Energy Trading: Petronas is Malaysia's national oil company with a growing international trading business in crude oil, LNG, and petroleum products. It is a regional peer to PTTT, with comparable business model as a state-affiliated trading arm serving Asian energy markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PTT International Trading