PTTEP Warns Higher LNG Prices Raise Thai Power Costs
Thailand faces rising electricity costs as liquefied natural gas prices increase. PTTEP notes that power prices could climb significantly as domestic gas production declines.
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Every $3 per MMBtu increase in Natural Gas prices could lift Thailand's electricity bills by 5%, incoming PTT EXPLOR & PROD PUBLIC CO CEO Kanita Sartwattayu said Wednesday. The warning highlights the nation's growing exposure to volatile global fuel markets as domestic reserves dwindle. Power consumers face rising cost pressures as imported fuel replaces declining local production over the next decade.
