Analyst Pin-board: NT2 – The problem lies not in gas supply but in gas prices
Although the supply of gas from old gas fields in Nam Con Son basin is projected to fall sharply from 2020, supply from new gas fields and the LNG Thi Vai project would ensure adequate gas supply for power plants in the Southeast region. However, as the gas prices of these old fields are among the lowest in the region, replace them by new sources with higher prices would result in higher average gas prices for power plants in the Southeast region, as a result. In addition, the contract volume (Qc) of thermal power plants, including NT2, was reduced from 2018, business results of the company would become even more sensitive to the adverse effect from rising gas prices.
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