LPG prices spark optimism for SGPSET-listed Siamgas and Petrochemical (SGP), Thailand's second largest liquefied petroleum gas (LPG) trader by volume, expects its revenue to reach a new high this year despite lower sales than in 2019, thanks to high global LPG prices. Jintana Kingkaew, deputy managing director and chief financial officer of SGP, said the company based its forecast on the global prices of propane and butane, also known as Saudi Aramco reference prices. SGP maintains its target of sales growing by 15% to hit 3.73 million tonnes this year across Asian markets, up from 3.24 million tonnes last year. Before the pandemic, its sales stood at 3.83 million tonnes in 2019. SGP operates a 230-megawatt Mawlamyine gas-fired power plant and a 10MW diesel-fired power plant in Myanmar.

Source: Bangkok Post September 06, 2021 23:15 UTC