Egat pivots to 2 spot market LNG buysThe state-run Electricity Generating Authority of Thailand (Egat) plans to purchase 140,000 tonnes of liquefied natural gas (LNG) in spot markets for two shipments, intended for Egat's gas-fired power plants in the remaining months of 2019. Egat has invited 40 LNG makers and traders in the spot markets to the auction. Mr Kulit said Egat plans to purchase two shipments of 70,000 tonnes each, expected for delivery by December. He plans to revise the Egat Act of 1968 to allow Egat to re-export and sell LNG. "The new shipments of 140,000 tonnes is a test for Egat's LNG business and the law will be amended in 2020 to allow Egat to trade LNG," said Mr Kulit.

Source: Bangkok Post October 08, 2019 23:30 UTC