Thailand to Get Spot LNG Cargo From Qatar Over the Weekend

PTT Pcl (PTT), Thailand’s importer of liquefied natural gas, is scheduled to receive a spot cargo from Qatar at its Map Ta Phut terminal this weekend.

The Al Hamla, with a capacity of 211,862 cubic meters, will arrive at the terminal June 2, according to ship transmissions captured by IHS Fairplay on Bloomberg. The tanker loaded its cargo at Qatar’s LNG terminal at Ras Laffan and departed May 12.

Two PTT officials in Bangkok didn’t pick up phone calls seeking comment outside office hours. Brian Devlin, Qatargas’ Doha-based spokesman, didn’t reply to an e-mail and Yousra Koura, a spokesman at Ras Laffan Liquefied Natural Gas Co., didn’t respond to a call outside normal business hours.

PTT owns and operates the Map Ta Phut terminal in Rayong, which has a capacity of 5 million metric tons a year. The company, Southeast Asia’s first LNG importer, started operating the terminal in the third quarter of 2011. It 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.

The company is seeking two cargoes for delivery in July and August through a tender issued this week. PTT needs to buy as much as 2 million tons of spot LNG this year to meet power-industry demand, a company official said April 12.

South and Southeast Asia’s total LNG import capacity will increase to 94.5 million tons a year in 2020 from a projected 38.1 million 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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