Ptt And Ieat Sign Agreement To Strengthen Power Integrity

[Jai Dee]

PTT and IEAT signed agreement to develop site in Mabtaput industrial estate to strengthen power integrity

PTT Plc. and the Industrial Estate Authority of Thailand have signed a cooperation agreement to use an area in the Mabtaput Industrial Estate for strengthening integrity in electricity and to accommodate the growth of the Thai petrochemical industry.

PTT President Prasert Bunsumpun (ประเสริฐ บุญสัมพันธ์) spoke of the signing, which also involves an agreement to develop the ship docking area at the industrial estate. He said PTT will use the site at Mabtaput as the location for its liquid natural gas receptor station, which will be completed in 2010. The station will accommodate Thailand's demand for natural gas, increasing by 12% per year. The plant will be able to receive five million tons of liquid natural gas (LNG) per year, and this capacity will be expanded to 10 million tons per year in the future. PTT also plans to open natural gas separation plant units 7 and 8 at the site, to accommodate the next period of petrochemical industry expansion.

PTT Chairman Cherdpong Siriwit said the collaboration between the two entities would increase the country's power security, especially with power generation from liquid natural gas.

Source: Thai National News Bureau Public Relations Department - 7 July 2006

[Jai Dee]

PTT to invest Bt36 bn in LNG terminal and deep-sea port

State-owned oil & gas conglomerate PTT Plc said Friday it plans to invest over Bt36 billion in a deep-sea port, receiving terminal and pipeline for liquefied natural gas, PTT's executive vice president Chitrapongse Kwangsukstith said.

Of the total investment, PTT will spend around Bt26 billion to construct the deep-sea port and LNG receiving terminal at Map Ta Phut industrial estate in Rayong province, to be completed in 2010, he said.

PTT will also spend over Bt10 billion to build a pipeline to deliver the LNG to power plants in Korat province in the northeastern part of the country, Chitrapongse said.

"PTT will invest 100 per cent during the startup period. After that, we will allow other electricity firms to jointly invest and reduce our stake to 60 per cent," he said.

EGAT Plc and Electricity Generating Plc have shown interest in participating in the project, he added.

Electricity-generating plants will receive 60 per cent of the LNG from the terminal, while the rest will go to industries such as the automobile industry, he said.

PTT on Friday signed contract with the Industrial Estate Authority of Thailand to use a plot of land in the Map Ta Phut industrial estate to jointly develop the deep-sea port and the LNG receiving terminal.

Source: The Nation - 7 July 2006

[Jai Dee]

PTT will build an LNG station at Mab Ta Put Industrial estate to ensure energy security

PTT Plc. is to build a liquefied natural gas (LNG) receiving and distribution station in Mab Ta Put (มาบตาพุด) Industrial Estate in Rayong province as part of a plan to promote energy and electricity security.

PTT President Prasert Boonsampan (ประเสริฐ บุญสัมพันธ์) said the station will receive LNG supplies of PTT LNG Co. Ltd. Construction will be completed in 2010.

Mr. Prasert said LNG will be imported to meet growing demand in the country in the next five years. The project will initially receive five million tons of LNG per year and the volume will further be increased to 10 million tons per year.

Mr. Praset stated further that PTT has planned to open natural gas separation unit 7 and unit 8 in the same area to cope with the expansion of petrochemical industries.

Source: Thai National News Bureau Public Relations Department - 08 July 2006