Thailand turns to LNG to meet demand

Thailand is looking to LNG to plug the gap created by declining domestic production and falling pipeline imports
By Andrew Walker 18 May 2017

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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