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

Qatar LNG Halt Forces Asia to Seek Alternative Supplies

Seatrium Targets $40M Cost Savings in Continued Divestment Drive

Australia and Timor-Leste Push to Advance Greater Sunrise Gas Field

Woodside to Supply LNG to JERA During Japan's Winter Peak

Thailand's Gulf Energy Eyes Long-Term LNG Supply

Petrovietnam Agrees First-Ever LNG Term Deal with Shell

Petronas, CNOOC Ink LNG Sale and Purchase Agreement

Yinson Production Cuts First Steel for Vietnam-Bound FSO

CNOOC Launches New Offshore Oil Development in Southern China

Japan’s JERA Signs First Long-Term LNG Deal with India’s Torrent Power

Current News

Petronas Makes New Hydrocarbon Discovery in Southeast Asia

PTTEP Picks Everllence Compressors for Thailand’s Offshore CCS Project

IEA Unleashes Record 400M Barrel Oil Stockpile Release Amid Iran War Disruptions

OneSubsea Bags Third PTTEP Subsea Systems Contract in One Year

Iran War Exposes Risks of Fossil Fuel Dependence

Sunda Energy Secures Environmental License for Drilling Ops off Timor-Leste

Oil Drops 7% After Trump Predicts War Could End Soon

Aramco Warns of Severe Oil Market Fallout from Hormuz Blockade

Offshore Tech: Seadrill Adopts igus’ Modular Energy Chains

OSV Market: Asia Pacific Downshifts for the Long Haul

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