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

[webfact]

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

By THE NATION

 

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

 

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

Follow Thaivisa on LINE for breaking COVID-19 updates

 

 

[Lingba]

hang it up already with the <deleted> hub status

 

[Creasy]

Good to see Thailand and Hub back in the news.

[smedly]

3 hours ago, webfact said:

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

another hub

I've lost count

 

Thailand the hub of talking up fantasy hubs 

 

the country that has never even designed and produced a car or smartphone of their own making

[jimmjam]

13 minutes ago, smedly said:

another hub

I've lost count

 

Thailand the hub of talking up fantasy hubs 

 

the country that has never even designed and produced a car or smartphone of their own making

Impossible, you would have to take them into the shop every 90 days and pay for them fixing.????

[PETERTHEEATER]

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

[SkyFax]

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

[GreasyFingers]

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

[hotchilli]

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!

[Misterwhisper]

I'd like to call a public referendum whether to rename the country into Hubland, which seems more than appropriate given the almost weekly announcements from hub-obsessed politicians.  

[Grumpy John]

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

[phkauf]

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

[RichardColeman]

Thailand - hub of Hot Air

[marko kok prong]

Lord have mercy.

[Damrongsak]

18 hours ago, Lingba said:

hang it up already with the <deleted> hub status

 

hubbub. 

[daveAustin]

13 hours ago, Misterwhisper said:

I'd like to call a public referendum whether to rename the country into Hubland, which seems more than appropriate given the almost weekly announcements from hub-obsessed politicians.  

Hubverse!

[Redline]

19 hours ago, Creasy said:

Good to see Thailand and Hub back in the news.

 Makes me feel warm and fuzzy-oh those pre-covit days-hubs galore ????????????????

[Yadon Toploy]

18 hours ago, smedly said:

another hub

I've lost count

 

Thailand the hub of talking up fantasy hubs 

 

the country that has never even designed and produced a car or smartphone of their own making

I give you... Thairung cars, designed and built in Thailand and exported Worldwide. 

 

Solid vehicles that match the Japanese brands for value and reliability and the German brands for luxury and quality. 

 

????

[Lingba]

these morons will make a hub out of anything they can and yet they \can't even monitor their own existence

 

[lamyai3]

6 hours ago, daveAustin said:

20 hours ago, Misterwhisper said:

I'd like to call a public referendum whether to rename the country into Hubland, which seems more than appropriate given the almost weekly announcements from hub-obsessed politicians.  

Hubverse!

Hub-u-like

[lamyai3]

3 hours ago, Yadon Toploy said:

I give you... Thairung cars, designed and built in Thailand and exported Worldwide. 

Each model proudly delivered with four hubcaps. 

[Laughing Gravy]

Please Thailand stop trying to be the hub of hubs as the obsession of trying to be the number one in something, ends up looking ridiculous.

[Oziex1]

!Have they ever become a hub of anything they claimed they would be?

[Laughing Gravy]

21 hours ago, phkauf said:

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

Hub a buba! ????

Edited April 8, 2020 by Laughing Gravy

[SkyFax]

25 minutes ago, Oziex1 said:

!Have they ever become a hub of anything they claimed they would be?

I don't know but in this case they're off to a pretty good start:

 

PTT operates the country’s only LNG import facility, the Map Ta Phut LNG project, southeast Asia’s first LNG import terminal. It has a regasification capacity of 11.5 mmty. The company is also increasing loading facilities at the project.

PTT is also constructing the new Nong Fab LNG import terminal in Rayong. The terminal is expected to have a regasification capacity of 7.5 mmty and become operational by 2022. The company awarded an engineering, procurement and construction contract to a JV of Saipem and CTCI in June.

(via cache NaturalGasIntel.com 3OCT2019)