Speaking during the Gastech Virtual Summit, Supawat Tatthong, Manager acting Vice President, Gas Business Development, PTT, noted that the decline in domestic and piped gas supply will increase demand for LNG in the country.
PTT is developing two new LNG receiving terminals, due to open in 2022 and 2026 respectively, which will complement an existing receiving terminal near Mat Ta Phut Port that began operations in 2011, and which will bring the total capacity to nearly 30 million tonnes.
Tatthong then highlighted the strategic location of Thailand. It was noted that in 2019, the Inter-Asia Pacific Trade route continued to be the largest global LNG trade flow route.
‘We sit in the middle of emerging demand,’ said Tatthong, pointing to China and India.
With Asia accounting for 70% of global LNG demand, and with Thailand’s strategic location and infrastructural preparedness, Tatthong suggested that this could spur LNG services at the hub, including reloading, unloading and storage.
The facility would also be able to offer break bulk services including small-scale, truck and ISO containers as well as marine LNG.
‘We can support LNG bunkering demand in the region,’ Tatthong said.
In December 2017, PTT partnered with Japanese trading and investment conglomerate Marubeni to undertake a feasibility study focussing on LNG bunkering at Laem Chabang Port.
It was announced that the study would assess the feasibility of using a fuel supply ship that can operate in conjunction with an existing PTT-managed LNG receiving terminal in Map Ta Phut.