The Bank of Thailand freezes LPG prices at 318 baht/tank for another 3 months until September 30.

News reports from the Ministry of Energy revealed that the Energy Policy Administration Committee (MPG) meeting with Mr. Supattanapong Punmeechao, Deputy Prime Minister And the Minister of Energy, as chairman, agreed to maintain the price of liquefied petroleum gas (LPG) at 318 baht per 15 kg barrel for another 3 months from July 1 to September 30, 64 and assigned to the Ministry of Energy. Follow up the situation of LPG prices and present a guideline for reviewing the selling price of the LPG refinery to the NGO to consider again.

In addition, the NGO also approved the import volume of Liquefied Natural Gas (LNG) for the year 64-66 to support the guidelines for promoting competition in the natural gas industry, Phase 2 to be able to import LNG without affecting Take or Pay. Year 64-66 was 0.48, 1.74 and 3.02 million tons per year, respectively.

As well as assigning the Energy Regulatory Commission (ERC) to manage the allocation of LNG imports according to the structure of the natural gas business in phase 2, namely Regulated Market (a group under the supervision of the ERC to supply LNG to be used for electricity sold into the system) and Partially Regulated Market (group that supplies LNG for power plants that do not sell electricity to the system. industry and its own enterprises) for New Demand and set the rules for Shipper’s imports, including further supervision.

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