Egat aims to finalise gas deal with PTT by year-end

[webfact]

Egat aims to finalise gas deal with PTT by year-end

By THE NATION

 

Kulit Sombatsiri

 

The board of the Electricity Generating Authority of Thailand (Egat) on December 26 will look into progress of the natural gas sale and purchase contract between PTT and the Egat.

 

Egat board chairman Kulit Sombatsiri said that the gas will be used by Egat power plants.

 

On December 4, the Energy Policy Administration Committee ordered both parties to enter into discussions on some details of the contract and try to sign the contract within this year.

 

The Egat board meeting early next year will also ask Egat to draw up a plan to procure the third lot of the liquefied natural gas (LNG).

 

Egat planned to procure and import LNG in two stages of 65,000 tonnes each in the spot markets. The first cargo will arrive at Rayong on December 28, and the second lot in early April next year.

 

Source: https://www.nationthailand.com/business/30379701

 

-- © Copyright The Nation Thailand 2019-12-23

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[Srikcir]

9 hours ago, webfact said:

the Energy Policy Administration Committee ordered both parties to enter into discussions on some details of the contract and try to sign the contract within this year.

Funny - two state-owned enterprises are ordered by a state commission to cooperate.