Post by account_disabled on Jan 2, 2024 11:53:49 GMT 7
PTT has signed a contract to purchase natural gas with a 540 megawatt power plant of National Power Supply Public Company Limited or NPS, while the 1,400 megawatt Hin Kong Power Plant Project, a subsidiary of RATCH Group, Public Company Limited (RATCH) is currently under consideration by RATCH and is expected to be able to be signed further. Mr. Wutthikorn Stithit, Executive Vice President, Natural Gas Business Unit, PTT Public Company Limited, revealed that PTT has signed a natural gas purchase agreement or GSA with the 540 megawatt IPP IP2 power plant project, which is a company. A subsidiary of National Power Supply Public Company Limited (NPS), which is scheduled for commercial operation in 2027, has already been completed. And according to the normal mechanism after a major private power producer or IPP has signed a power purchase agreement (PPA) with the Electricity Generating Authority of Thailand (EGAT).
As for the signing of the GSA contract with the 1,400 megawatt Hin Kong Power Plant Project, a subsidiary of RATCH Group Public Company Limited (RATCH), it is currently under consideration by RATCH. It is expected that it will be able to be signed further. On the issue that RATCH is concerned about, PTT has discussed with RATCH that the gas quality framework for power plants in the west It is in line with the approval of the Energy Regulatory Commission (ERC) and consistent with gas quality. It's true that it pays to a nearby power plant. Due to the transportation of gas through the same WhatsApp Number List natural gas pipeline system and natural gas prices It is the same price that PTT sells to all IPP power plants and is under the supervision of Energy Policy and Planning Office (EEP) and the Energy Regulatory Commission, believing that RATCH has already received this information. This is because each IPP power plant must have a clear confirmation of its natural gas supply source before signing a PPA. Mr. Wutthikorn further mentioned the issue of liquefied natural gas supply or LNG that at present until the end of 2021
the amount of gas supply from domestic sources And according to the existing contract, it is sufficient to meet the demand. Therefore, there is no need to enter into additional medium- and long-term LNG purchase contracts. In addition, the use of gas From domestic sources with lower prices It will help reduce the burden of electricity costs. Generate income for the state from royalties and taxes. However, in case of necessity, LNG can be purchased on the spot market or SPOT, which has a lower price than creating new LNG purchase contracts. In addition, for energy security, PTT is in the process of proposing a plan to expand the natural gas pipeline network from Bang Pakong Power Plant. To the South Bangkok Power Plant and the Nakhon Ratchasima natural gas pipeline network to the Nam Phong Power Plant, including considering and reviewing the project of floating natural gas storage and transformation stations, or FSRUs, in various areas as necessary. This will require further discussion with the Ministry of Energy and EGAT.
As for the signing of the GSA contract with the 1,400 megawatt Hin Kong Power Plant Project, a subsidiary of RATCH Group Public Company Limited (RATCH), it is currently under consideration by RATCH. It is expected that it will be able to be signed further. On the issue that RATCH is concerned about, PTT has discussed with RATCH that the gas quality framework for power plants in the west It is in line with the approval of the Energy Regulatory Commission (ERC) and consistent with gas quality. It's true that it pays to a nearby power plant. Due to the transportation of gas through the same WhatsApp Number List natural gas pipeline system and natural gas prices It is the same price that PTT sells to all IPP power plants and is under the supervision of Energy Policy and Planning Office (EEP) and the Energy Regulatory Commission, believing that RATCH has already received this information. This is because each IPP power plant must have a clear confirmation of its natural gas supply source before signing a PPA. Mr. Wutthikorn further mentioned the issue of liquefied natural gas supply or LNG that at present until the end of 2021
the amount of gas supply from domestic sources And according to the existing contract, it is sufficient to meet the demand. Therefore, there is no need to enter into additional medium- and long-term LNG purchase contracts. In addition, the use of gas From domestic sources with lower prices It will help reduce the burden of electricity costs. Generate income for the state from royalties and taxes. However, in case of necessity, LNG can be purchased on the spot market or SPOT, which has a lower price than creating new LNG purchase contracts. In addition, for energy security, PTT is in the process of proposing a plan to expand the natural gas pipeline network from Bang Pakong Power Plant. To the South Bangkok Power Plant and the Nakhon Ratchasima natural gas pipeline network to the Nam Phong Power Plant, including considering and reviewing the project of floating natural gas storage and transformation stations, or FSRUs, in various areas as necessary. This will require further discussion with the Ministry of Energy and EGAT.