The PTTLNG, a unit of PTT Public Company is preparing to call an open bid for the construction of a pier and LNG (liquid natural gas) storage depot and distribution terminal in Map Ta Phut district of Rayong province.
The new facility, which is part of the LNG storage expansion plan, will have the capacity to store 7.5 million tonnes of LNG. With existing combined capacity of 10 million tonnes from the original storage depot and the second one which has just been completed plus another 1.5 million tonnes from the expansion of an existing depot which is due to be completed next year, the combined capacity of all the storage depots will increase to 19 million tonnes in the next four years.
The expansion of LNG storage and terminal facilities are part of the PTT Public Company's five-year investment plan worth a combined total of 1.6 trillion baht.
Mr Rattikul Piyawongvanich, chief of the LNG-fuelled electricity unit, said that construction of the Phase 2 terminal which will increase the storage capacity to 10 million tonnes was completed in June and is now ready to become operational.
Meanwhile, Mr Wisarut Tangsunthornkhan, chief administrator of the Thai-Malaysian Joint Development Area, said that the Malaysian side was ready to open negotiation for the Thai side to purchase another 100 million cubic feet/day natural gas up from the current rate of 440 million cubic feet/day.
Source: Thai Public Broadcasting Service (Thai PBS)