Overseas markets drive recovery
An LPG storage facility in Samut Prakan, operated by Siam Gas and Petrochemicals.
Siam Gas and Petrochemicals Plc (SGP), Thailand's second-largest liquefied petroleum gas (LPG) trader by volume, expects sales to grow by at least 10.5% year-on-year to 3.5 million tonnes in 2026 despite sharp increases in global LPG prices triggered by Middle East tensions.The company predicted a rebound in 2026 after two consecutive years of contraction.
Pinit Lojindarat, investor relations manager at SGP, said the company sold around 1 million tonnes in the first quarter, with 2.5 million tonnes more projected by year-end.
Overseas markets and trading business will continue to dominate the company's portfolio, accounting for 75% of total sales, while domestic sales will contribute 25%.
