PTT is said to be studying a plan to build a LNG receiving terminal adjacent to a gas pipeline already linked to existing gas fields in Myanmar, Reuters quoted Nuttachat Charuchinda, chief operating officer for PTT’s upstream business.
The planned terminal is expected to have a capacity of 5m tonnes per year and will offer a more convenient location to ship LNG from suppliers in the Middle East, he was reported saying.
At present, PTT owns the $880m, 5m tonnes per year Map Ta Phut LNG import facility and parts of cross-country pipelines running for hundreds of kilometres from Myanmar.
The Thai firm is also building a second LNG terminal, with the same capacity, at Map Ta Phut in eastern province of Rayong, with construction scheduled to be completed in 2017.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.