PTT LNG to complete Map Ta Phut expansion by 2017
Heren : 31-Jul-13 16:10
PTT LNG, the subsidiary of Thailand's national oil and gas company PTT, is on track to complete Phase II of the Map Ta Phut LNG terminal in Rayong by the second quarter of 2017, said a PTT spokesperson on 26 July.
Work on Phase II has started since October 2012 and the front-end engineering design (FEED) stage is already completed. The project is currently in the engineering, procurement, construction (EPCC) bidding stage with the contractor expected to be awarded by the first quarter of 2014.
The Thai government has already allocated around $700m for the expansion, which when completed, will add another 5mpta capacity to the terminal, doubling its existing capacity.
The first stage of the expansion will see the regasification system finished and ready for send out gas in the first quarter of 2016. The remaining works such as the LNG storage tanks, jetty and unloading system are scheduled to be completed by the second quarter of 2017.
Thailand faces an increasing demand for gas, having imported around 973,000m tonnes of LNG in 2012, according to the country's customs data. It currently imports all of its LNG on a spot basis but signed its first long-term supply contract with Qatargas in December.
Under the contract, Qatargas will deliver 2m tonnes of LNG yearly to Thailand starting 2015 for 20 years.
By Hairul Borhan
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