Thailand's EGAT to Receive 2nd Spot LNG Cargo from Malaysia's Petronas

Monday, April 20, 2020

State-run Electricity Generating Authority of Thailand said it will buy a second spot-market shipment of liquefied natural gas (LNG) on Tuesday.

The state-owned PTT's Map Ta Phut LNG receiving terminal in the eastern part of Thailand will receive the 65,000-tonne LNG cargo from Malaysia's state oil and gas company Petronas, the Thai state utility said in a statement late on Friday.

The April shipment is the second, after the spot-market LNG cargo in December. The two shipments will serve as a test run to judge the viability of potential spot-market LNG purchases in the future, the country's energy minister has said.

Thailand, which is reviewing its power development plan, is still to determine whether it will import more LNG and in what manner.

The EGAT board had previously approved a plan to import additional spot LNG cargos in order to build more energy security and liberalize the country's natural gas market, said Ranee Kositvanich, an assistant governor at the state utility.

"Due to the COVID-19 outbreak, EGAT is reviewing a medium-term LNG procurement plan for 2020-2022," Ranee said.

"We expect to make policy proposals in the next steps for approval," she said, without elaborating.

Previously, PTT Pcl and its subsidiary had been Thailand's sole gas supplier and LNG importer.

EGAT's previous plan to sign a long-term contract with Petronas to import up to 1.5 million tonnes of LNG annually was scrapped in December.

(Reporting by Patpicha Tanakasempipat; Editing by Krishna Chandra Eluri)

Categories: LNG Vessels Asia Malaysia Thailand

Related Stories

Offshore Service Vessels: What’s in Store in 2025

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

INEOS Picks Up CNOOC’s US Assets in $2B Deal

QatarEnergy Signs Deal with Shell for Long-Term LNG Supply to China

Yinson and PetroVietnam JV Get FSO Contract for Vietnamese Field

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

Petronas to Proceed with South China Sea Oil and Gas Exploration

MCDermott Gets Pipelines and Cables Job at Qatar's Giant Gas Field

Mitsubishi Boosts Stake in Petronas’ Malaysia LNG Plant

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

Current News

Offshore Service Vessels: What’s in Store in 2025

ABS Approves Hanwha Ocean’s FPSO Design

AI & Offshore Energy: The Higher the Stakes, the More Value AI Creates

Floating LNG Conversion Job Slips Out of Seatrium’s Hands

Transocean’s Drillship to Stay in India Under New $111M Deal

INEOS Picks Up CNOOC’s US Assets in $2B Deal

Sunda Energy, Timor-Leste Gov Plan Accelerated Chuditch Gas Development

RINA to Conduct Pre-FEED Study for Petronas’ CCS Project in Malaysia

TotalEnergies Wraps Up Acquisition of SapuraOMV’s Gas Assets

Kuwaiti Oil and Gas Firm Exploring More Opportunities in Indonesia's Natuna Sea

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com