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Thailand aims to become regional LNG hub despite Covid-19 crisis

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Thailand aims to become regional LNG hub despite Covid-19 crisis

By THE NATION

 

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Energy Minister Sontirat Songtijirawong

 

The escalating Covid-19 outbreak will not disrupt Thailand's aim to become a regional hub for liquefied natural gas (LNG), Energy Minister Sontirat Songtijirawong said recently.

 

Sontirat has of late assigned Thailand’s oil and gas conglomerate, PTT Plc, to take a lead in driving the country towards the goal.

 

He added that PTT has conducted a trial of LNG reload to transport LNG to small vessels.

 

The Energy Ministry has also revised regulations to liberalise the LNG market in the country.

 

Meanwhile, the Electricity Generating Authority of Thailand (Egat) has conducted a trial of importing LNG from the spot market, with a second lot of import totalling 65,000 tonnes to be completed early this month.

 

Late last month, the Egat board approved the state agency’s plan to procure additional LNG from the spot market from this year until 2022.

 

Egat will import no more than 600,000 tonnes of LNG this year, 1.9 million tonnes next year and 1.5 million tonnes in 2022.

 

Source: http://www.nationthailand.com/business/30385369

 

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-- © Copyright The Nation Thailand 2020-04-07

 

 

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So, they are importing LNG in bulk and plan to export it in smaller amounts? 

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19 minutes ago, PETERTHEEATER said:

So, they are importing LNG in bulk and plan to export it in smaller amounts?

Yes -- big ships in; smaller ships to regional ports out

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The spot price has fallen dramatically so far this year. Good short term thinking but will it last fo another 2 years.

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5 hours ago, webfact said:

Thailand aims to become regional LNG hub despite Covid-19 crisis

Well they've blown the "medical hub" out the window so might as well change the record!

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Wonderful!  I start the day with a big laugh.  555!  The hubba hubba about hubs always gives me a laugh...never fails! 😄

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Whatever these guys who dream up all these "Hubs" are drinking, I want some. 

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18 hours ago, Lingba said:

hang it up already with the <deleted> hub status

 

hubbub. 

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