EPPO CUTS LPG PRICE FOR 2ND TIME THIS YEAR
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The Energy Policy and Planning Office (EPPO) has announced it is lowering the price of liquefied petroleum gas for the industrial sector for the second time this year as the world LPG price has fallen from US$800-$900 per tonne to $761.
The LPG price will be lowered this month by Bt0.74 from the August level of Bt30.07 per kilogram to Bt29.33 per kilo. Between August 2013 and July this year, the EPPO capped the LPG price for the industrial sector at Bt30.13 per kilo.
As for the contribution to the Oil Fund, the current balance for LPG (for the industrial sector) stood at Bt57 million per day.
Newly appointed Energy Minister Narongchai Akrasanee is to announce his national energy policy this September 5 tomorrow, with the LPG price structure among the main agendas.
NEW CHAIRMAN FOR PTTEP
The PTT Exploration and Production board of directors on Tuesday appointed its vice chairman Prajya Phinyawat to be the chairman, replacing former Energy Ministry permanent secretary Suthep Liumsirijarern, who resigned as PTTEP chairman on July 1.
Prajya had been vice chairman for some time. He is a veteran employee of PTT Group.
His last executive title was chief operating officer of PTT’s downstream petroleum business group.
The board also appointed new directors to replace five who resigned.
Nuttavudh Photisaro was appointed in replacement of Varanuj Hongsaprabhas, while Admiral Tanarat Ubol was appointed to replace General Pornchai Kranlert; Colonel Nimit Suwannarat in place of General Warawat Indradat; Chavalit Pichalai in place of Suthep Liumsirijarern; and Sethaput Suthiwart-Narueput to replace Viraphol Jirapraditkul.
