PTT-Egat co-invest in LNG depotConstruction of the new LNG receiving terminal in Rayong is scheduled to be completed this year. State-run Electricity Generating Authority of Thailand (Egat) has signed a joint venture agreement with PTT Plc to co-invest in the second liquefied natural gas (LNG) receiving terminal project in Rayong as part of the government plan to develop a regional LNG trade hub. The second receiving terminal is designed to have carrying capacity of 7.5 million tonnes a year. Egat along with six other firms were granted LNG shipping licences to support the state policy to deregulate the LNG market. "We may seek a new opportunity to work with Egat in developing another LNG receiving terminal located in southern Thailand," said Mr Auttapol.

Source: Bangkok Post February 16, 2022 02:44 UTC