Energy

Moody´s chops down PTT´s credit

By k on June 29, 2010

BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]

No planned talks on oil price cut with EPPO

By k on June 25, 2010

BANGKOK, 25 June 2010 (NNT) – Minister of Energy Wannarat Channukul clarified that the reduction of oil prices by 2 THB per liter was not on the agenda of the Energy Policy and Planning Office (EPPO) meeting to be held on 28 June 2010. On Thursday, Deputy Finance Minister Man Pattanothai stated that a proposal [...]

PTT raises oil price by 60 Satang/liter

By k on June 24, 2010

BANGKOK, 24 June 2010 (NNT) – PTT Plc could not bear higher crude oil price in the global market and eventually decided to increase its retail price of every product, except E85, by 60 Satang per liter starting 24 June at 05.00 hrs. PTT President and Chief Executive Officer Prasert Bunsumpun explained about the price [...]

PTT delays oil price increase

By k on June 23, 2010

BANGKOK, 23 June 2010 (NNT) – Thailand’s petroleum giant PTT Plc decides to delay its oil price raise although other companies have already adjusted theirs up by 60 satang per liter since this morning. PTT executive said more people would turn to buy petrol from PTT although the delay would result in a greater loss [...]

Energy Ministry to ask Cabinet to consider extending LPG price pegging measure

By k on June 23, 2010

BANGKOK, 23 June 2010 (NNT) – The Ministry of Energy prepares to propose the cabinet to consider pegging the price of liquefied petroleum gas (LPG) until the end of this year. Energy Minister Wannarat Channukul said the ministry would ask the cabinet to retain the LPG price pegging measure which was due to expire at [...]

Energy Ministry to distribute fuel to drought victims in Surin

By k on June 19, 2010

BANGKOK, 19 June 2010 (NNT) — The energy ministry and related units will distribute over 93,000 liters of diesel to drought-stricken residents of Surin province in a bid to facilitate their transport of water supplies from other areas. Since last month, the Energy Ministry has been cooperating with state enterprises and energy firms, such as [...]

Bangchak raises oil prices by 60 Satang/liter

By k on June 18, 2010

BANGKOK, 18 June 2010 (NNT) – Bangchak Petroleum Plc has increased the retail price of every product, except E85, by 60 Satang per liter starting 18 May at 05.00 hrs. Retail oil prices at Bangchak gas stations located in Bangkok and vicinities are as follows: Benzene 91 is sold at 35.64 THB per liter. Gasohol [...]

A Bangkok Senator opposes NGV/LGV price increase

By k on June 15, 2010

BANGKOK, 15 June 2010 (NNT) – Bangkok Senator Rossana Tositrakoon, as the president of the committee on corruption investigation and good governance promotion, calls on the Prime Minister to give up the NGV/LPG price increase plan. Ms Rossana stated that she had submitted a letter to the Prime Minister Abhisit Vejjajiva, demanding the government to [...]

PTT, PEA collaborate to develop wind-powered electricity

By k on June 12, 2010

BANGKOK, 12 June 2010 (NNT) – Thailand’s petroleum giant, PTT Plc, is joining hands with the Provincial Electricity Authority (PEA) in developing the wind farm project for generating wind-powered electricity and reducing oil consumption. Chief Executive Officer and President of PTT Prasert Bunsumpun revealed that the company had agreed with the PEA to build wind [...]

hailand to join APEC energy ministers meeting in Japan later this month

By k on June 6, 2010

BANGKOK, June 6 (TNA) — Thailand’s Energy Minister Wannarat Channukul said Sunday he leaves for Japan in two weeks for an Asia-Pacific Economic Cooperation (APEC) energy ministerial meeting. The APEC Japan 2010 Energy Ministers’ Meeting held June 19-20 in Fukui City aims at strengthening cooperation between 21 APEC member countries in reducing carbon use, reducing [...]

Next Page »