Bangkok, Aug. 21- The Energy Policy and Planning Office (EPPO) reveals that spot LNG prices in the global market have increased. from production problems in many sources
Mr. Wattanapong Kurovat, Director of the Energy Policy and Planning Office (EPPO), has monitored the price situation of liquefied natural gas in the spot LNG market between 24 and 28 July 2023. It was found that Spot LNG prices The average this week increased from the previous week by 0.523 USD/million BTU. to the level of 11.239 US dollars / million BTU As the Ichthys LNG T2 field, Australia's LNG field with a capacity of 4.5 million tonnes/year, extended turnaround time caused delays in LNG delivery according to the contract. Problems in the production process resulted in the reduction of production capacity. In addition, the Noshiro No.1 (Tohoku Electric) coal-fired power plant in Japan with a capacity of 600 megawatts had a problem resulting in an indefinite shutdown.
As for the natural gas situation, it was found that natural gas prices (Pool) in June 2023 decreased from the previous month by 2.2559 baht/million BTU. to 342.0714 baht/million BTU from a drop in imported LNG prices, while the average spot LNG price in June 2023 was found to increase from the previous month by 0.4187 $/million BTU. to the level of 11.0112 US dollars / million BTU As the Asian region faces extremely hot weather. As a result, the demand for natural gas increases in electricity generation. However, global weather conditions are a major factor in driving energy demand in households, such as the demand for electricity to turn on air conditioners in the summer. and the demand for natural gas during the winter
Currently, the retail price of natural gas for vehicles (NGV) (stations within a 50 km radius from the mother station) from July 16 to August 15, 2023 for private cars is 18.59 baht/kg, public buses are 14.62 baht/kg. and for the child stations that are the farthest from the mother station (excluding Provincial Administration Organization tax) at 22.59 baht/kg. Thailand's NGV sales volume in May was 3,453 tons per day (or about 139.25 million cubic feet per day). There are 334 service stations that are still open for service, divided into 18 mother stations, daughter stations and 316 pipeline stations.-Thai News Agency
Source: Thai News Agency