PTT signs LNG contract with Tri-Gen

PTT signs LNG contract with Tri-Gen

PTT Plc, the national oil and gas conglomerate, has signed a contract with Thai gas trader Tri-Gen Solution Co to distribute liquefied natural gas (LNG) for use in industrial factories.

With the 10-year purchase contact, Tri-Gen aims to expand the LNG market in Thailand to encourage the use of clean and environmentally friendly energy.

Wuttikorn Stithit, executive vice-president of PTT for natural gas supply and trading, said the agreement has been effective since Nov 9.

"This sales purchase contract for LNG promotes use of the fuel and should help expand the market," he said.

"LNG has to be shipped by vehicle, so it is convenient to transport from PTT's inventory at Map Ta Phut in Rayong to customers in industrial factories, some of which are not along with natural gas pipeline. This method can respond to rising LNG demand from the industrial sector."

Sommot Sarakoses, Tri-Gen's managing director, said the company is confident it can supply LNG to industrial factories efficiently because of a collaboration with Exion (Thailand) Co, which has a long history of LNG sales in Thailand.

Moreover, Tri-Gen is partnering with SSB Cryogenic Co, a Singaporean company, to provide related equipment, technology and conditioning of vessels to transport the LNG, providing international safety standards.

Mr Sommot said LNG is a potent alternative energy that offers a high heat rate.

The gas has no smell or colour, and is non-toxic, so it does not corrode properties and buildings, he said.

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