Thailand calls off long-term LNG import plan with Malaysia’s Petronas

February 22, 2020

Dateline 2019-12-21, Hellenic Shipping:

Thailand has called off a plan for its state-run power producer to import up to 1.5 million tonnes of liquefied natural gas (LNG) per annum from Malaysia’s Petronas, a Thai official said on Friday.

Thailand’s National Energy Policy Council (NEPC) changed its mind this week on a decision in 2017 to have the state-run Electricity Generating Authority of Thailand (EGAT) import up to 1.5 million tonnes of LNG annually.

That in effect cancelled EGAT’s plan to sign a long-term contract with Malaysia’s state oil and gas company Petronas , which won a bid in June this year to supply the LNG to the Thai utility, an EGAT official told Reuters on Friday.