PTT insists on rising spot LNG prices without affecting domestic gas prices
Mr. Wuttikorn Satitit, Senior Executive Vice President, Natural Gas Business Unit, PTT Public Company Limited Revealed that the Asian Spot LNG price situation has increased steadily over the past two weeks, with the Asian Spot LNG price level on January 6, 2021 for the February 2021 delivery of the ship at US $ 19.98. Million BTU Due to the colder weather in North Asia Which increases the demand for natural gas As well as many LNG production sites around the world encounter problems in the production process. Resulting in a decrease in the supply in the market
However, domestic natural gas users will not be impacted by higher Spot LNG prices as PTT procures LNG with a long-term contract. Currently, the average price is lower than US $ 7 per million BTU. PTT will consider procurement of Spot LNG as needed. It proceeds to supply during low spot LNG prices. In order to maximize benefits for gas users All groups in the country As well as helping to reduce the cost of electricity generation in the country as well.
“PTT insists on helping to strengthen the country’s energy security. And take the benefit of the people as important Please be assured that PTT continues to respond to energy security at a reasonable price, ”said Wuttikorn.
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