PTT eyeing LNG shipments to Yangon factories
Oil and gas conglomerate PTT has conducted a feasibility study to supply liquefied natural gas (LNG) for industrial use to industrial estates in Yangon, said the company's senior executive vice president for Gas Business Wuttikorn Stithit.
Yangon, the commercial capital of Myanmar, has more than a dozen industrial estates.
Wuttikorn added that PTT estimates LNG demand in CLMV (Cambodia, Laos, Myanmar and Vietnam) markets as well as the Philippines and southern China at more than 1 million tonnes per year.
Demand for natural gas worldwide has fallen due to the Covid-19 impact, but PTT believes it will recover by mid- or late next year.
