Sunday, September 27, 2020

Thailand's FSRU going full steam ahead

Jun 17. 2020
Wattanapong Kurovat
Wattanapong Kurovat
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Authorities insist that a Bt24.5-billion project to build a floating storage and regasification unit (FSRU) is going ahead.

Wattanapong Kurovat, director general of the Energy Policy and Planning Office, said work was progressing on its study of the project, which will supply liquefied natural gas (LNG) to the Electricity Generating Authority of Thailand (Egat).

The FSRU, anchored in the upper Gulf of Thailand, will receive shipments of LNG before processing and pumping it to Egat's South Bangkok power plant in Samut Prakan.

The project is part of infrastructure to support the importation of natural gas, in line with National Energy Policy Committee directives.

Meanwhile, the Energy Regulatory Commission has submitted findings on the impact on electricity prices of Egat's recent importation of 130,000 tonnes of LNG, to the Energy Policy Administration Committee.

The information will be used to help draw up a plan to promote competitiveness in the natural gas sector. The office is expected to present the plan to the Energy Policy Administration Committee next month.

A source at the Energy Ministry said the office has already proposed options for the new competition structure to the subcommittee tasked with opening up the LNG sector. The options range from a full opening of the market, to allowing PTT to remain the country’s sole importer of LNG.

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