Post by account_disabled on Dec 28, 2023 3:17:33 GMT
EGAT and PTT signed a long-term natural gas purchase contract or Global DCQ contract this morning (June 19, 2020). In essence, PTT will be the supplier. Gas supplied to EGAT's power plants. Throughout the contract period of 10 years (July 2020 - July 2030), with a contract value of more than 340 billion baht, the highest gas trading volume is 736 billion BTU, which PTT is ready to cooperate with. EGAT can import LNG itself in the amount of 1 million tons per year. The signing ceremony for the long-term gas purchase contract, or Global DCQ contract, took place this morning. (June 19, 2020) as originally scheduled at the PTT Public Company Limited headquarters, with Mr. Sonthirat Sonthijirawong, Minister of Energy, as chairman. The signatory representative of the Electricity Generating Authority of Thailand (EGAT) is Mr. Wiboon Rerksirathai, Governor of EGAT, and the representative of PTT is Mr. Atthaphon Rerkpiboon, Chief Executive Officer and Director.
General Manager PTT Public Company Limited The essence of the long-term gas purchase contract or Global DCQ contract is that PTT will supply natural gas to all EGAT power plants, namely Bang Pakong, South Bangkok, North Bangkok, Wang Noi, Chana (except Nam Phong Power Plant) periodically. For 10 years, with a contract value of over 340 billion baht, the highest gas trading volume is 736 billion BTU. But PTT will have flexibility. EGAT can procure and import LNG Telegram Number Data itself in the amount of 1 million tons per year for EGAT's power plants, with PTT helping to facilitate the port. Gas depots and distribution stations deliver gas through pipelines. In order not to have any problems in the process Both agencies have the status of state enterprises under the supervision of the Ministry of Energy. that plays a role in maintaining the country's energy security This contract will be effective from July 1, 2020 onwards until July 2030 due to the short-term gas sales contract currently in use. Will expire on 30 June 2020.
Reporters also reported that Reaching an agreement in negotiating the Global DCQ contract between EGAT and PTT is in accordance with the policy of Mr. Sonthirat Sonthijirawong, Minister of Energy. and according to the resolution of the Energy Policy Administration Committee (NPEC) from the past that long-term natural gas sales contracts The term expired in 2015 and EGAT has always chosen the short-term, year-to-year contract approach. Previously, the EGAT board on December 26, 2019 had already approved the principles of the Global DCQ contract in order to prepare the details as a complete contract. and sent it to the Attorney General's Office for investigation. It was originally expected to be presented to the EGAT board for approval at the end of January 2020, but the time was postponed until it was presented to the EGAT board for approval on 22 May. 2020
General Manager PTT Public Company Limited The essence of the long-term gas purchase contract or Global DCQ contract is that PTT will supply natural gas to all EGAT power plants, namely Bang Pakong, South Bangkok, North Bangkok, Wang Noi, Chana (except Nam Phong Power Plant) periodically. For 10 years, with a contract value of over 340 billion baht, the highest gas trading volume is 736 billion BTU. But PTT will have flexibility. EGAT can procure and import LNG Telegram Number Data itself in the amount of 1 million tons per year for EGAT's power plants, with PTT helping to facilitate the port. Gas depots and distribution stations deliver gas through pipelines. In order not to have any problems in the process Both agencies have the status of state enterprises under the supervision of the Ministry of Energy. that plays a role in maintaining the country's energy security This contract will be effective from July 1, 2020 onwards until July 2030 due to the short-term gas sales contract currently in use. Will expire on 30 June 2020.
Reporters also reported that Reaching an agreement in negotiating the Global DCQ contract between EGAT and PTT is in accordance with the policy of Mr. Sonthirat Sonthijirawong, Minister of Energy. and according to the resolution of the Energy Policy Administration Committee (NPEC) from the past that long-term natural gas sales contracts The term expired in 2015 and EGAT has always chosen the short-term, year-to-year contract approach. Previously, the EGAT board on December 26, 2019 had already approved the principles of the Global DCQ contract in order to prepare the details as a complete contract. and sent it to the Attorney General's Office for investigation. It was originally expected to be presented to the EGAT board for approval at the end of January 2020, but the time was postponed until it was presented to the EGAT board for approval on 22 May. 2020