Thailand gas and LNG - 2016 long term regional outlook
Short term LNG demand is expected to grow at a slower rate than our H2 2015 forecast; but long term LNG demand remains robust with additional plans to build regas capacity. The Energy Ministry approved PTT's plans to build a new 5 mmtpa LNG regasification terminal in Rayong in May 2016. This is one of the government's set of measures to prevent future emergency gas shortages. Additionally, PTT may no longer be the sole LNG importer in Thailand as EGAT is expected to make its case to the government for importing LNG directly by mid-September 2016. EGAT hopes to build a 5 mmtpa FSRU at the upper part of the Gulf of Thailand.