Thailand: PTT opens bid for LNG work

Thailand: PTT opens bid for LNG work

National oil and gas conglomerate PTT Plc is calling on qualified
engineering, procurement and construction (EPC) firms to take part in the
bidding process for the 30.4-billion-baht expansion of Rayong's liquefied
natural gas (LNG) receiving terminal.

Several EPC firms bought auction papers recently. The winning firm will be
selected soon and will start working on the project early next year, said
PTT project manager Rattikool Piyavongwanich.

After the expansion, Nong Fab's LNG receiving terminal will be the second
PTT receiving terminal to reach six kilometres in length. It will be much
longer than the existing LNG receiving terminal in Rayong's Map Ta Phut
subdistrict.

The project is expected to start operating in 2021, Mr Rattikool said. Among
other things, the winning firm will build equipment, office space, an
open-rack vaporiser, a storage tank and jetties.

The environmental impact assessment for the project is being conducted
concurrently with the bidding process, Mr Rattikool said.

PTT just finished the second phase of its first LNG receiving unit in Map Ta
Phut and will officially open it soon. The development expanded the
regasification unit to 10 million tonnes a year, worth 21.4 billion baht.

Map Ta Phut's first-phase unit has been regasifying 5 million tonnes a year
since November 2011. The 1-billion-baht third phase began last year. The
project, which will add 1.5 million tonnes in capacity, is 45% complete and
will start full operations by 2019.

Together, the projects in Map Ta Phut and Nong Fab will raise capacity to 19
million tonnes a year in 2021.

"If demand surpasses our expectations, the Nong Fab unit can double its
capacity to 15 million tonnes per year," Mr Rattikool said.

The depletion of gas resources in the Gulf of Thailand and Myanmar's
Martaban Sea, plus delays in development of coal-fired power plants, will
push LNG to a prominent role in the Thai power market, he said.

In order to capitalise on the trend, PTT recently set up PTT Global LNG Co.

The firm will oversee LNG marketing and trading, in line with the goal of
expanding the Rayong gas complex's capacity.

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Link to Original Article:
http://www.bangkokpost.com/business/news/1278815/ptt-opens-bid-for-lng-work

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com