PTT Will Decide on Third LNG Terminal by Year End

Thai energy company PTT is likely to decide by year end where it will establish its third LNG terminal, The Nation newspaper reported Monday.

Pailin Chuchottaworn, president and chief executive officer, said last week that the Phase-3 proposal was already approved by the board and would be forwarded to the Energy Ministry and the National Energy Policy Council for further consideration, the newspaper added.

The terminal will have an annual capacity of 5 million tons.

Thailand has been buying LNG on the spot market, but next year, PTT will start importing from Qatar. The company is also in talks with Russia and Australia for long term contracts.