Tuesday, September 29, 2020

PTT to supply natural gas to Egat for 10 years

Jun 16. 2020
Energy Minister Sontirat Sontijirawong
Energy Minister Sontirat Sontijirawong
Facebook Twitter

By THE NATION

Oil and gas conglomerate PTT Plc will sign a contract with the Electricity Generating Authority of Thailand (Egat) on June 19 to sell natural gas to the state agency for 10 years, Energy Minister Sontirat Sontijirawong said.

Under the pact, PTT will procure natural gas for Egat’s power plants. The contract also allows Egat to import a million tonnes of liquefied natural gas for use in its plants.

Separately, the Energy Policy Administration Committee has decided to change the calculation formula of the ex-refinery price of oil effective from Wednesday. The revision will see 50 satang per litre on average drop in the price of all fuel types.

The committee also resolved to extend the subsidy on cooking gas to September 30 from the original expiration date of June 24.

Under the existing subsidy, a 15-kilogram gas canister goes for Bt318, which is Bt45 cheaper than normal.

Tags:
Facebook Twitter
More in Business
Editor’s Picks
wmg-logo
Top News
wmg-logo