Have Too Much Gas in Stock? This Southeast Asian Country Is Buying
- Thailand plans to boost LNG imports to 5 million tons in 2017
- State-controlled firm expanding import terminals, supply deals
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Thailand has a message for embattled global LNG sellers: It’s going on a shopping spree.
Southeast Asia’s second-largest economy is signing new contracts for liquefied natural gas purchases and expanding terminals to boost imports to replace flagging domestic production. Thailand will boost LNG imports by more than 70 percent this year, according to Wuttikorn Stithit, executive vice president for natural gas supply and trading at the state-controlled energy giant PTT Pcl.