Tokyo Gas enters small-scale LNG pact with Thailand’s PTT

Japan’s city gas supplier and LNG importer Tokyo Gas is joining forces with a unit of the state-owned oil and gas firm PTT to supply LNG via trucks and work on power projects in Thailand.

In that regard, Tokyo Gas Engineering Solutions (TGES), a unit of Tokyo Gas, has agreed to form a joint venture with Siam Management (SMH), a subsidiary of PTT.

SMH would have a 51 percent stake in the Bangkok-based joint venture named PTT&TGES Optec (Optec), while the Japanese firm would hold the rest, according to a statement by Tokyo Gas.

The JV would enter into “on-site energy service business including improving efficiency technology solutions and fuel supply such as LNG supply in relation to factories, small power producers and utilities in Thailand,” it said.

Tokyo Gas says the JV would help in fuel conversion from LPG and heavy oil to LNG in Thailand.

In addition to fuel supply, such as LNG by trucks for industrial customers, Optec would implement “more advanced energy service.”

This includes combining “heat and power system, solar as well as biomass power and thermal generation system and visualization/automatic optimum control system of several equipment in Thailand,” Tokyo Gas 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.

Most Popular

Glenfarne still expects Texas LNG FID by end of this year

US energy firm Glenfarne confirmed it is targeting a final investment decision on its planned 4 mtpa Texas LNG export project in the port of Brownsville by the end of 2025 after the US FERC issued the final supplemental environmental impact statement for the project.

Kosmos: Tortue FLNG to hit full capacity in Q4

UK-based energy giant BP and its partners expect the 2.7 mtpa Golar FLNG Gimi, which serves the Greater Tortue Ahmeyim LNG project offshore Mauritania and Senegal, to reach its nameplate capacity in the fourth quarter of this year, according to US-based Kosmos Energy.

Equinor’s Hammerfest LNG back online after maintenance

Norwegian energy firm Equinor has resumed operations at its 4.3 mtpa Hammerfest LNG export plant following an extended maintenance shutdown, a spokesperson for Equinor told LNG Prime on Monday.

More News Like This

Posco E&C secures contract for Thailand’s third LNG terminal

Posco E&C, a unit of South Korea’s top steel producer Posco, has secured a contract from Gulf Development for Thailand's third LNG import terminal.

Thailand’s PTT to supply LNG to Centrica

Thailand's PTT has signed a heads of agreement to supply a unit of UK-based energy firm Centrica with liquefied natural gas (LNG) in Asia.

Gulf: Thailand’s third LNG terminal to launch commercial ops in 2029

Thailand’s Gulf and PTT Tank Terminal, a unit of PTT, expect to launch commercial operations at their LNG terminal in Map Ta Phut, Thailand's third such facility, in the first quarter of 2029.

Thailand’s PTT, Glenfarne ink Alaska LNG cooperation deal

US energy firm Glenfarne has signed a cooperation agreement with Thailand's PTT for participation in the Alaska LNG project, including PTT's purchase of LNG over a 20-year term.