Thailand to build third LNG terminal amid declining production

The Map Ta Phut LNG terminal in Thailand. (Qatargas)

Thailand’s Gulf Energy Development and state-owned PTT will build a third LNG terminal in the country as demand is expected to surge as a result of waning domestic production.

The Industrial Estate Authority of Thailand (IEAT) said on 1 October that the pair will build a $1.3 billion regasification terminal and port on the country’s east coast. The facility will have an initial capacity of 5.0 mtpa with the option of expansion to 10.8 mtpa in a yet-to-be determined second phase. It is expected to start...