LNG

Thailand’s state-owned energy company said the Yadana natural gas project in neighbouring Myanmar was key to the energy security of both Southeast Asian nations and the Thais will take over the operatorship after the withdrawal of France’s TotalEnergies over human rights issues.

The Government of the Philippines is increasing its drive to bring liquefied natural gas import facilities on line to avoid a surge in electricity prices and possible power cuts once the Malampaya natural gas field reserves are depleted by 2024.

Jan 27 (LNG) - Thailand’s national energy company PTT has been given the go-ahead by the Energy Regulatory Commission for some limited LNG re-exports and trading from the Map Ta Phut import terminal in Rayong province. The initial plans for 2020 had been postponed because of the Covid-19 pandemic. The Map Ta Phut terminal is the sole facility in the southeast Asian nation and has storage capacity of 11.5 million tonnes. PTT will complete additional storage of 7.5 MTPA  by 2022 as more Thai energy and power companies prepare to enter the LNG business under deregulation.

Gulf Energy Development, a leading Thai power supplier to the Electricity Generating Authority of Thailand (EGAT) and private customers in the country’s main industrial zones, has been awarded government licences along with a partner company to import 1.7 million tonnes per annum of LNG.