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

Yinson Production Raises $1.46B to Refinance Agogo FPSO

Qatar-Linked LNG Tankers Resume Hormuz Transits

Inpex Takes Additional Stake in Ichthys LNG

QatarEnergy's LNG Expansion Faces Delays from Hormuz Crisis

Iran Outlines Terms for Restoring Hormuz Shipping

Seatrium Nears Dual FPSO Sailaway for Petrobras' Búzios Field

Iran Tightens Enforcement of Strait of Hormuz Transit Rules

Mermaid Maritime Expands Into US Offshore Market

ABL Gets Papua New Guinea FSO Job

Inpex Starts Construction of Indonesia's Abadi LNG Project

Current News

Oil Stabilizes as IEA Moves to Speed Up Emergency Stock Releases

Yinson Production Raises $1.46B to Refinance Agogo FPSO

Oil Climbs on US Storm Threat, Saudi Attack Risks

KBR to Support Aramco’s Marjan Offshore Field Upgrade

Oil Industry Braces for Years of Market Disruption

Eni Taps Yinson Production for Major Ghana FPSO Gas Upgrade

ADNOC Signs Multi-Year LNG Supply Deal with Thailand’s Gulf Group

Iran Set to Keep Hormuz Shut Until Seven Demands Are Met

LNG Flows Through Hormuz Hit Seven-Month High

Inpex Buys Into Two BP-Operated Indonesian Offshore Blocks

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