National oil and gas conglomerate PTT Plc is asking the Energy Regulatory Commission (ERC) to consider granting it a second liquefied natural gas (LNG) shipping licence in a move to drive the state plan to make Thailand a regional LNG trading hub.
The company, which recently submitted an application to the ERC, plans to use the new licence through its subsidiary, PTT Global LNG Co (PTTGL), a joint venture with PTT Exploration and Production Plc (PTTEP).
Wuttikorn Stithit, senior executive vice-president for gas business at PTT, said the second licence will enable PTT to trade more gas in addition to the gas sales agreements it made with buyers at a fixed volume.
Most buyers are large power plant operators, including state-run…
