The state-own Electricity Generating Authority of Thailand (Egat) will have its subsidiary start importing liquefied natural gas (LNG) in order to cut its reliance on the current sole importer PTT Plc.
Pongdith Potejana, the chief executive of Ratchaburi Electricity Generating Holding Plc (Ratch), said senior executives of Egat had approached Ratch to join it in the gas business.
He said they are conducting a feasibility study to develop an LNG depot at its land bank in Prachuap Khiri Khan. If the study finds it viable then the facilities need to be developed immediately as it will take at least seven years to develop.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.