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Market Chatter: PTTEP Incoming CEO Flags 5% Rise in Thai Power Price on $3 LNG Price Increase

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PTT Exploration & Production (SET:PTTEP) incoming Chief Executive Kanita Sartwattayu said a $3 per MMBtu increase in liquefied natural gas prices could push Thai electricity prices up by 5%, Reuters reported Wednesday.

While addressing the Gastech conference, Kanita said Thailand relies on LNG for around 30% of its power generation, making electricity costs sensitive to movements in LNG prices, the news agency said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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