Japanese city gas supplier and Shimizu LNG import terminal operator, Shizuoka Gas, said it has entered the industrial natural gas supply business in Thailand.
Shizuoka Gas has earlier this month signed a deal to buy 49 percent of shares in Thai-Japan Gas Network (TJN).
Thailand-based Scan Inter (SCN), the largest supplier of CNG in the country, has established TJN to strengthen supply businesses in industrial compressed natural gas and liquefied natural gas, according to a Shizuoka Gas statement.
The firm is a spin-off of SCN’s industrial natural gas supply business.
“We will combine SCN’s technological capabilities and local customer network with the highly efficient energy-saving systems and expertise offerings cultivated by Shizuoka Gas in Japan,” the Japanese firm said.
In addition, Shizuoka Gas said it would also work to develop new Japan-affiliated corporate customers in Thailand.
This business development in Thailand marks Shizuoka Gas’s third project in the country, following a gas-to-power project in 2015 and a solar power generation project this year.
“Going forward, we will continue to support the realization of a low-carbon and, beyond that, decarbonized society by participating in the energy business in Southeast Asia, ” the firm said.
Thailand has last year boosted its LNG imports 12.2 percent to 5.61 million tonnes, according to GIIGNL data. The country receives LNG mainly from Qatar at PTT’s 11.5 mtpa Map Ta Phut LNG terminal.
PTT also plans to launch its Nong Fab LNG receiving terminal in Rayong, with a total capacity of 7.5 mtpa, in 2022.