Energy conglomerate agrees to delay receipt of payments for gas from debt-burdened state utility
PUBLISHED : 10 Oct 2023 at 19:28
PTT enlisted to help subsidise electricity billsNational oil and gas conglomerate PTT Plc has agreed to delay accepting payments worth 8-9 billion baht for the gas it sold to the Electricity Generating Authority of Thailand (Egat) to help the government reduce power bills during the rest of this year.
Gas makes up around 60% of the fuel used for power generation in Thailand.
To tame aggressive electricity prices, the…
