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Wuttikorn Satitit, Executive Vice President, Natural Gas Business Unit, PTT Public Company Limited (PTT), revealed that the Asian spot price situation has steadily increased over the past two weeks. The Asian Spot LNG price level on January 6, 2021 for ships delivered in February 2021 was US $ 19.98 per 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 doing its duty to strengthen the country’s energy security. And take the benefit of the people as important We can be assured that PTT continues to respond to energy security at a reasonable price.
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