Friday, July 03, 2020

B Grimm works on finalising LNG procurement deal

Jun 02. 2020
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Energy firm B Grimm Power Public Company Limited (BGrim) is expected to soon finalise the process of procuring liquefied natural gas (LNG), the company’s president Preeyanart Soontornwata said.

The company’s subsidiary B Grimm LNG Ltd was granted a licence to ship up to 650,000 tonnes of LNG per year by the Energy Regulatory Commission. The LNG will be supplied to the company’s power plants from 2022.

She added that several global LNG suppliers have offered to sell to B Grimm. She also said that it is too soon to say which supplier the company will purchase LNG from, and that it is awaiting analysis from a consultation company.

Preeyanart said that B Grimm also hopes to clinch three merger and acquisition deals this year with a total production capacity of 300 megawatts. Two of the three projects are based in Thailand.

B Grimm is confident that it will meet the target of producing 5,000MW in 2022, of which 3,547MW is already under purchase agreements.

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