PTT has said that it is working with the government to find ways to reduce the impact of the measures on its business. The company has proposed a number of options, including adjusting the cap on electricity prices, or providing financial support to PTT.
PTT Plc’s president and CEO Auttapol Rerkpiboon recently disclosed to the Stock Exchange of Thailand (SET) the facts regarding the Cabinet’s resolution on December 19, 2023, concerning measures to reduce electricity expenses. These measures will have an impact on the operations of PTT Plc, including:
▪︎ Adjusting the natural gas price structure
▪︎ Transmitting natural gas prices in the Gulf of Thailand when producers are unable to deliver gas as per the contractual conditions (Shortfall).
▪︎ Adjusting the natural gas price structure, which will change the cost of gas separation operations. This will increase the…
