Platts: Thai PTT May Limit LNG Purchases in H2 2015 on Lower Consumption Forecasts

Thailand's state-owned PTT could limit additional LNG purchases in the second-half of 2015 on lower gas consumption forecasts, a source with direct knowledge of the matter said Friday, June 19.

"[PTT] expected gas consumption to increase by around 5% [in 2015] compared to last year, but [growth] is lower," the source said.

"That is limiting [PTT's LNG] spot requirements."

The change in consumption estimates is the result of an economy-driven slowdown in domestic power demand, and weaker exports due to slow GDP growth in China and other Asian economies. MORE