PTT’s LNG receiving terminal, located in Map Ta Phut, has storage capacity of 11.5 million tonnes a year.
National oil and gas conglomerate PTT is preparing to resume its trial for liquefied natural gas (LNG) trading after the project was paused in the third quarter last year during the lockdown period.
A Thai law prohibits gas exports, so the company is required to conduct a test on plans to import LNG for re-export.
The trial is being done in a sandbox set up and overseen by the Energy Regulatory Commission since last year under the government’s plan to make Thailand a regional LNG trade hub.
“Not only did the lockdown halt project development, but the delay also came about from decreasing demand for LNG in the third quarter last year,” said Wuttikorn Stithit, PTT’s senior executive vice-president for…
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