LNG

Feb 16 (LNGJ) - PTT, the state-run oil and gas company of Thailand, said it planned to increase LNG imports from 5 million tonnes per annum to 11.5 MTPA under the expansion plan for the Map Tha Phut terminal. PTT Chief Executive Tevin Vongvanich also confirmed that a second onshore import facility would be constructed with 7.5 MTPA of capacity to take the total capacity to 19 MTPA. “The project has been approved by the government and an environmental assessment is underway,” said Vongvanich. PTT recently agreed a 15-year contract to buy 1.2 MTPA from Malaysian energy company Petronas to add to current volumes received from Qatar and elsewhere.