BANGKOK — Thailand’s state-owned energy conglomerate PTT has shipped liquefied natural gas to Japan for the first time as it looks to re-export fuel for power plants to energy-hungry countries.
The first shipment left a PTT terminal in central Thailand late last month and arrived this week in Japan, which is experiencing a seasonal supply shortage, Nikkei Asia has learned. The unidentified buyer is thought to be a major energy company.
The cargo of roughly 145,000 cu. meters is enough to power 50 million households for one day, provided the entire volume is used for thermal power generation.
PTT will “explore more opportunities,” tapping the country’s “infrastructure and proximity to Japan, South Korea, China and Taiwan, all of which are big LNG buyers,” a source at the company told Nikkei Asia.
Thailand has a glut of LNG due to a lack of winter heating demand and the pandemic, which…
