PTT expands LNG terminal to create energy security in the long run

Energy Press Releases Friday March 22, 2019 15:38
Bangkok--22 Mar--PTT

Mr. Chansin Treenuchagron, President & Chief Executive Officer, PTT Public Company Limited (PTT), presided over the Foundation Stone Laying Ceremony, on the construction of the jetty and receiving stations for the Nong Fab Liquefied Natural Gas or LNG Receiving Terminal by PTT LNG Company Limited (PTTLNG) to support LNG import of 7.5 million tons per year. It is expected to be completed and ready to operate by the year 2022.

Mr. Chansin said that, the jetty and receiving station of Nong Fab liquefied natural gas station project was established according to the resolution of the National Energy Policy Committee (NEPC) on 30th May 2016, to expand the capacity to import LNG from 10 million tons per year to 17.5 million tons per year. This expansion responds to the current situation in which the amount of Thai energy reserves is continuously decreasing while importing natural gas from neighboring countries has limitation. Thus, contrast to the higher demand in both electrical sector, industrial, and transportation sector.

Mr. Wirat Uanarumit, Chairman of the Board, PTT LNG Company Limited said that the jetty and receiving station for liquefied natural gas at Ban Nong Fab, Maptaphut Subdistrict, Rayong Province which situated on an area of 182 rai. There is an establishment of agreement with transparent procurement process where participants can observe each and every steps. This is considered an important since LNG is considered to be one of the country's main energysource. PTT has imported LNG since 2011 through trading of the contract in the spot market format and has continuously increase imports of LNG ever since. Currently, PTT has 4 long term LNG contracts totaling of 5.2 million tons per year to provide energy security and sufficient energy usage for the country in the long run.

Latest Press Release

Sasol Reaches Beneficial Operation of New Alkoxylation Production Facility in China

Sasol Limited (JSE: SOL) (NYSE: SSL), a leading integrated chemicals and energy company, reached beneficial operation of its new alkoxylation plant in Nanjing, Jiangsu Province on 18 April 2019. "Sasol has successfully built the new facility by...

Kaneka Americas Holding, Inc. announces the creation of a new Biopolymers Division headquartered in Houston, Texas to start selling plant-based degradable plastic compounds in the United States

Kaneka Americas Holding, Inc. is proud to announce the creation of the new Biopolymers Division based in Houston. Kaneka's PHBH is a plant-based product that offers both flexibility and heat resistance. It is produced via a novel bio-fermentation process...

SC ASSET and BCPG launch Sun Share Project, the collaboration between the two leading companies in using blockchain to manage solar roof system for household consumption and electricity transaction for the first time at Neighbourhood Bangkadi.

SC ASSET and BCPG launch "Sun Share Project", the collaboration between the two leading companies in using blockchain to manage solar roof system for household consumption and electricity transaction for the first time at "Neighbourhood Bangkadi". The...

Sterlite Power Signs Concession Agreement for the Pampa Project in Rio Grande do Sul

Sterlite Power announced the signing of the Concession Agreement for batch 13, won in auction No. 04/2018. The Director General, ANEEL and authorities representing the Brazilian Government were present for the signing. The agreement was finalized during...

Sasol Officially Opens Another Coal Mine, Sustaining Jobs

Sasol has officially opened yet another colliery in its host province of Mpumalanga, where it beneficiates coal into high value fuel and chemical products at world scale. Meaning 'success' in isiZulu, Impumelelo is one of three world-class mines Sasol...

Related Topics