Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural Resources CONTENTS

and Exchange Commission, Thailand (SEC)* 3. Office of Natural Resources and Environmental Policy and... https://www.sec.or.th/TH/Documents/LawsandRegulations/ResourceCenter

of Forestry, the Ministry of Natural Resources and Environment, the Geo-Informatics and Space Technology Development Agency (Public Organization) and Thailand Greenhouse Gas Management Public

& Trading Business Group 11 Marketing Business Group 13 Power Plant Business Group 14 Bio-Based Products Business Group 16 Natural Resources Business Group 18 Statement of Financial Position 20 Cash Flows

& Trading Business Group 12 Marketing Business Group 14 Power Plant Business Group 16 Bio-Based Products Business Group 18 Natural Resources Business Group 20 Statement of Financial Position 22 Cash Flows

sales to EGAT in 9M’2019 increased 6.0% y-on-y to 3.19 Baht/kWh because the energy payment is generally adjusted to reflect changes in natural gas price which increased 9.1% during the period. Electricity

natural gas price which rose during these periods. Electricity sales to Industrial Users (IUs) – Thailand • Electricity sales to industrial users in Thailand increased 4.4% y-on-y in Q2’2019 and 6M’2019 to

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 2/2020 09 - Refinery & Trading 14 - Marketing 16 - Power Plant 18 - Bio-based Products 20 - Natural

Bangchak Corporation Plc. Management Discussion & Analysis of Business Operation For Quarter 1/2020 11 - Refinery & Trading 16 - Marketing 19 - Power Plant 21 - Bio-based Products 23 - Natural

the sales volume. For Elastic Segment for Baby Diapers; The major manufacturers have switched to use the spandex instead of natural rubber resulting to the lower sales of this Company’s segment. For