Thailand to Receive Spot LNG Cargo From Yemen at Map Ta Phut

Thailand’s state-owned PTT Pcl (PTT), Southeast Asia’s first importer of liquefied natural gas, is set to get a spot cargo from Yemen at the Map Ta Phut terminal.

The GDF Suez (GSZ) Point Fortin, with a capacity of 154,982 cubic meters, is scheduled to arrive at the terminal today, according to a PTT official who asked not to be identified because he isn’t authorized to speak to the media. The tanker sailed from Yemen LNG’s Balhaf terminal, where it arrived April 20 to load the supercooled gas, according to ship transmissions captured by IHS Fairplay on Bloomberg.

Nobody answered two calls to Yemen LNG’s main switchboard in the capital city of Sana’a.

PTT owns and operates Map Ta Phut terminal, which has a capacity of 5 million metric ton a year in Rayong. The company began operating the terminal in the third quarter of 2011 and signed its first long-term contract with Qatargas in December 2012 for 2 million tons of LNG annually for 20 years starting in 2015, according to data compiled by Bloomberg.

PTT needs to buy as much as 2 million tons of spot LNG this year to meet power-industry demand, the company official said on April 12.

South and Southeast Asia’s total LNG import capacity will increase to 94.5 million tons a year in 2020 from 38.1 million tons a year in 2013, Anton Safronov, Total SA’s (FP) LNG origination director, said May 9 in Singapore.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net

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