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Thailand's Proposed Natural Gas Price Freeze No Problem for Petroleum Firm.

Bangkok Post (Bangkok, Thailand)

| May 12, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

May 12--PTT Plc's performance will not be affected if the government freezes local natural gas prices to stabilise consumers' power bills, according to Prasert Bunsumpun, senior executive vice-president for the gas business group.

He said gas producers would bear most of the burden from such a move, as they would most likely have to cut their prices.

PTT is in talks with the consortiums that operate the Pailin, Bongkot and Arthit gas fields in the Gulf of Thailand, offshore Songkhla, for price reductions.

"The operators of the Pailin and the Bongkot gas fields tend to agree that there should be a price reduction because it doesn't alter the gas ...

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Source: HighBeam Research, Thailand's Proposed Natural Gas Price Freeze No Problem for Petroleum...

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