Report: EGAT expects FSRU approval in November, lines up LNG suppliers

Report: EGAT expects FSRU approval in November, lines up LNG suppliers
Kornrasit Pakchotanon, EGAT governor (Image courtesy of EGAT)

The Electricity Generating Authority of Thailand (EGAT) has reportedly started talks with a number of suppliers of liquefied natural gas as it readies plans to develop an FSRU-based import terminal. 

Thailand’s government is aiming to liberalize LNG imports in order to spur competition in the sector, according to the energy minister Anantaporn Kanjanarat, Reuters reports.

Currently, PTT is the only gas supplier and LNG importer in Thailand. To liberalize the market, the government has introduced third-party access, allowing companies to use PTT’s pipeline network to supply gas to end-users.

Kornrasit Pakchotanon, who was appointed EGAT’s governor in June, was reported as saying the company is expecting to receive the approval from the national energy policy committee to build a 5 mtpa FSRU.

In June last year, EGAT signed a memorandum of understanding with Tokyo Electric Power Company (Tepco) to cooperate in developing the LNG value chain business for electricity generation.

 

LNG World News Staff

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