Thailand's EGAT to import first spot market LNG cargo
State-owned Electricity Generating Authority of Thailand (EGAT) will import its first spot market cargo of liquefied natural gas (LNG) in December, the Thai Energy Ministry said.
The utility will import two LNG cargoes, each of 65,000 tons, one in December and the second in April, Energy Minister Sontirat Sontijirawong said in a statement.
He said December spot prices were “not that high” and the first import would serve as part of an initial test run.
EGAT said this month that about 40 companies had expressed interest in supplying Thailand with spot LNG.
EGAT now buys gas from a state-owned unit of PTT, Thailand’s sole gas supplier and LNG importer. EGAT finalised a deal this year with PTT LNG for 1.5 million tonnes per annum (mtpa) of regasification capacity at Thailand’s sole LNG receiving terminal.
EGAT is still negotiating contract terms with Malaysia’s Petronas for a separate longer-term contract to import LNG.
Reporting by Patpicha Tanakasempipat; Editing by Edmund Blair
The continued expansion of natural gas trade is led primarily by growth in the LNG sector, which has tripled over the past 3 yr.
Industry Focus: The future of gas-to-power projects in Africa
Natural gas is expected to play a central role in supporting Africa’s drive to achieve electricity connection for nearly 600 MM people without access to the grid, to reduce widespread reliance on coal for power generation, and to fast-track the continent’s slowed industrial expansion.
Regional Focus: Gazprom faces challenges for combined LNG/processing plant in Baltics
Russia’s largest natural gas producer, Gazprom, aims to build a giant project on the Russian Baltic seaport of Ust-Luga. The plans include the construction of a combined LNG and gas processing plant.
GasPro 2.0: A Webcast Symposium
Following on the heels of the highly successful GasPro 2.0 Webcast Symposium in October 2018, the second GasPro Webcast Symposium 2.0 will take place on October 24, 2019.
The 2019 web event will gather experts in the fields of LNG, gas processing, and gas transport/distribution to share their operations expertise, engineering and design solutions, and technology advances and trends with our audience.
Attendees will learn about technology and operational solutions and deployments in a number of areas: plant design and expansion, construction, NGL production, optimization, sulfur removal, marine operations and separation technology.
October 24, 2019 08:30 AM CDT