Thailand’s energy firm, PTT, said it plans to buy more LNG from the spot market as prices fell significantly.
In January the price was at about $19-20 and it fell to $10 mmBtu since.
“It’s a good opportunity for PTT to buy more LNG to store in the terminal,” PTT’s Chief Executive Pailin Chuchottaworn said on Thursday, Reuters informs.
The company is evaluating the available capacity at its 5 million tonne per year LNG import facility to frame the buying order accordingly.
LNG World News Staff, July 17, 2014; Image: PTT