Thailand’s LNG imports were up by 61% in Q1 2017 compared with Q1 2016. Total imports for the quarter exceeded 1 mt as the country faced declining domestic production and reduced pipeline imports. Thailand imports most of its LNG through a long-term contract with Qatar, but it also purchased cargoes on the spot market during the quarter from Australia and Indonesia. The two spot cargoes Thailand purchased in March cost less than $7.70/MMBtu, making them cheaper than Qatari cargoes.
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