Industry murmurs indicate that Thailand is set to complete the country’s first LNG Terminal by Summer 2011.
Kurujit Nakornthap, Deputy Permanent Secretary at the Energy Ministry, recently revealed plans to enable demands to be met before peak period. Thailand is to purchase approximately 1m tons of LNG for a period of two to three years.
While speaking to press in Batam Indonesia, Nakornthap conceded that Thailand’s gas demand is growing at a rate of 7% each year. He added, “We will use the terminal for security of supply and meet peak demand for electricity. We may buy spot LNG in the market as it is cheap.”