PTT-PTTEP signed Hedging exchange rate risk in gas trading

Bangkok, PTT-PTTEP- joins hands with Siam Commercial Bank. Signed a cooperation agreement to develop innovative financial derivative contracts, ESG-Linked Forward Contracts, to prevent exchange rate risk for gas trading transactions. PTT Public Company Limited informed that recently Ms. Pannalin Mahawongthikul, Chief Financial Officer of PTT Public Company Limited, Mr. Samrit Samniang, Executive Vice President Finance and Accounting Group, PTT Exploration and Production Public Company Limited and Mr. Thanapoj Paksuwan, Senior Executive Vice President Chief Executive Officer, Wholesale Business Group, Siam Commercial Bank Signed a memorandum of understanding on ESG-Linked Forward Contracts to hedge exchange rate risk for natural gas trading transactions between PTT and PTTEP, which is an innovative financial derivative contract. with costs based on environmental, social, and corporate governance performance (Environmental, Social and Governance : ESG) which in addition to linking business plans according to sustainable organizational development guidelines There is good corporate governance. Including supporting the reduction of greenhouse gas emissions. and helps manage risk in transactions more efficiently It also reinforces our commitment to jointly drive Thailand towards a low-carbon society in the future. Source: Thai News Agency