The LNG producing unit of QatarEnergy, Qatargas, has supplied the first LNG cargo to Thailand’s Map Ta Phut LMPT2 LNG terminal.
Established by Thai energy company PTT, the new $925 million liquefied natural gas (LNG) terminal received the cargo from the Q-Flex LNG carrier Al Oraiq, a vessel with an overall cargo capacity of 210,000m3.
Featuring two 250,000m3 LNG storage tanks, the terminal has a nominal capacity of 7.5 million tonnes of LNG per year and is able to receive vessels with a capacity between 125,000 and 264,000m3.
Located in a region of Asia where LNG demand is high, Thailand’s geographical position could lend itself to helping the country become one of the continent’s premier LNG bunker trading hubs.
According to The World Bank, more than 70% of Thailand’s electricity production comes from natural gas.
In 2020, Malaysia’s leading maritime analyst, Nazery Khalid, told gasworld, “Thailand is ranked 22nd as a major gas-producing nation in 2017, while it was the 13th largest consuming nation in the world.”
“Its gas reserves are the 44th largest in the world [thus causing the Thai government] to develop its gas industry and strengthen its gas ecosystem.”