From now on, LPG retail prices are predicted to move in line with global oil prices, albeit with the six-month lag typically seen. The LPG Traders Association (LTA) expects competition among LPG traders in the transport sector to intensify. In late 2014, when global oil prices fell and dragged gas prices down, the government was encouraged to initiate a plan to gradually float gas prices until a complete float was achieved. SGP plans to allocate capital expenditure to upgrade its LPG storage and business expansion over the next five years (2017-21). The country's biggest LPG trader, PTT Plc, expects to talk with energy policymakers about rates for LPG storage facilities, which are expected to open for other gas traders to rent.

Source: Bangkok Post July 31, 2017 23:15 UTC