By Jane Dawson2011-01-19T17:45:00+00:00
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.”
A critical milestone has been reached this week as Swiss-based international energy trading company Axpo and German LNG Terminal GmbH signed a Heads of Agreement for a long-term capacity contract for the LNG terminal in Brunsbüttel, northern Germany. This is an important step towards achieving the final investment decision for ...
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