LNG

The state-owned Electricity Generating Authority of Thailand said that Petronas LNG, a subsidiary of Malaysia’s state oil and gas company Petronas, won a tender to supply the Thai utility with LNG and may become a long-term supplier.

Thailand is building a new LNG import terminal near the current Map Ta Phut terminal in eastern Rayong province with the first phase costing 28 billion baht ($913 million) and involving a joint venture between Thai power company Gulf Energy and state-owned Thai energy firm PTT.