Egat moving ahead with Bt24.5bn FSRU unit
The Electricity Generating Authority of Thailand (Egat)'s board is set to consider a project to construct a floating storage and regasification unit (FSRU), said governor Viboon Rerksirathai.
The unit will be located in the Gulf of Thailand with capacity for 5 million tonnes of liquefied natural gas (LNG) per year.
If the board approves the project, Egat will press ahead by calling for bids to build the unit.
The unit’s capacity was expanded from the original 3 million tonnes per year to make it more commercially viable, said Viboon.
The estimated cost of the project is Bt24.5 billion.
The state agency is ready to start development this year and construction is expected to be complete in the next four years.
The unit will store LNG to feed Egat’s South Bangkok power plant.
