Thailand looks to become LNG hub

By THE NATION

 

Energy Minister Sontirat Songtijirawong

 

The Energy Policy Administration Committee today (December 4) acknowledged the guidelines for turning Thailand into the regional trading hub of liquefied natural gas (LNG).

 

The guidelines came about from a study assigned by the government-appointed energy reform committee to PTT. 

 

Energy Minister Sontirat Songtijirawong said that the move was estimated to generate Bt165 billion for Thailand’s economy between 2020 and 2030. 

The country is expected to start full commercial trading late next year or early in 2021.

 

Thailand has potential to become the regional hub due to its high demand of LNG and its geographical location as the centre of countries with high LNG demand, namely China, India, Japan, Cambodia, and Vietnam.

 

Moreover, Thailand has a supportive infrastructure to serve regional LNG trading.

 

Thailand is expected to provide services related to regional LNG trading in the first quarter of next year on a trial basis. The trial will also cover an LNG reload system and filling of LNG-fuelled vessels.

 

It will also revise the relevant rules and create intra-regional cooperation on the LNG trading.

 

Source: https://www.nationthailand.com/business/30379076

 

-- © Copyright The Nation Thailand 2019-12-05

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Another HUB coming to Thailand, 

Thailand is the HUB of HUBS!!!!!

34 minutes ago, Jessi said:

Another HUB coming to Thailand, 

Thailand is the HUB of HUBS!!!!!

They will need a register of HUBS soon , seeing they have made up so many.LOL.

Even though its liquefied it still go's bang minister is this a concern?????

28 minutes ago, sammieuk1 said:

Even though its liquefied it still go's bang minister is this a concern?????

A Health and Safety hub?

hubba hubba hub!

That could be embarrassing as someone else seems to have got there first  ????

 

http://gasprocessingnews.com/columns/201908/regional-focus-singapore-moves-closer-to-becoming-a-global-lng-trading-hub.aspx

And maybe they are the HUB for drugs?

 

More than $1 billion of methamphetamine has been seized in raids across Melbourne with three people being charged over the mammoth bust, biggest in Australia so far.

The Australian Federal Police said the haul was the largest ever onshore seizure of the drug.

The AFP alleges two Thai men, aged 37 and 38, and a woman, 37, were involved in the importation of more than 1.6 tonnes of illicit drugs — equal to almost 16 million drug deals — in stereo speakers originating from Bangkok, Thailand.

1 hour ago, canopus1969 said:

That could be embarrassing as someone else seems to have got there first  ????

 

http://gasprocessingnews.com/columns/201908/regional-focus-singapore-moves-closer-to-becoming-a-global-lng-trading-hub.aspx

And add India to the list of LNG hubs:

• Global oil and gas majors are looking to India, the world’s third biggest oil importer, to buy some of their excess liquefied natural gas (LNG) as the South Asian nation improves its gas infrastructure and strives to reduce emissions.

https://www.reuters.com/article/us-energy-india-gas/global-oil-majors-see-surge-in-indian-demand-for-natural-gas-idUSKBN1WT1QI

How would it become a hub, it has no facilities for LNG so why a hub?

13 minutes ago, Darkside Gray said:

How would it become a hub, it has no facilities for LNG so why a hub?

Since when has 'no facilities' held back the development of a hub in Thailand!   It's the hub of hubs....nothing can stop them from creating another hub. ????

What a load of nonsense. How can you be a Hub when you are not a major producer. They should be a user and stop burning coal. 

Thailand looks to become LNG hub

Not for long. The technocracy is determined to drive us all into electic vehicles, whether for commercial or private use. Just a matter of time.

3 hours ago, Darkside Gray said:

How would it become a hub, it has no facilities for LNG so why a hub?

Because Prayut likes HUBS....????

3 hours ago, Krataiboy said:

Thailand looks to become LNG hub

Not for long. The technocracy is determined to drive us all into electic vehicles, whether for commercial or private use. Just a matter of time.

 

Thailand will be dragged kicking and screaming into electric vehicle future.

 

Today they offer zero subsidy or incentives and lack of infrastructure...much like solar. They may pay lip service to it, and say all the right things in summits...but it's all lies.

 

They are happy with the status quo of high import tariffs, fuel tax and local car industry.

 

No change necessary for now.

Nobody wants to do business in a Thailand because they can’t be trusted to follow up their end of a bargain in contracts.  They still have 3 big issues out-Aussie gold mine, Phillip Morris and the retroactive Chevron dispute.  No corporation in their right mind would do business in Thailand