LNG

JERA Co. Inc. , the Japanese power giant and largest importer of LNG, has sold up its stakes in two companies that operate cogeneration and gas-fired power plants at two industrial estates in the suburbs of the Thai capital Bangkok as it reorganizes its portfolio.

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.