Thailand’s energy firm, PTT, said it plans to buy more LNG from the spot market as prices fell significantly.
In January the price was at about $19-20 and it fell to $10 mmBtu since.
“It’s a good opportunity for PTT to buy more LNG to store in the terminal, ” PTT’s Chief Executive Pailin Chuchottaworn said on Thursday, Reuters informs.
The company is evaluating the available capacity at its 5 million tonne per year LNG import facility to frame the buying order accordingly.
LNG World News Staff, July 17, 2014; Image: PTT