Tepco, Thai State Utility to Join Hands to Procure LNG

Japanese utility Tokyo Electric Power Co. (Tepco) and Thai state owned utility are joining hands to work together in LNG sector to gain cost competitiveness, reported Nikkei Asia Review Thursday.

Tepco and the Electricity Generating Authority of Thailand (EGAT) would cooperate in the procurement, shipment, and use of LNG to generate power.

Thailand’s LNG demand and imports have been rising and the two companies hope joining hands will bring down procurement costs. The two companies plan to build several plants to meet Thailand's growing electricity demand, Nikkei reported.

Tepco has already joined hands with Chubu Electric Power to procure LNG.