Report: PTT postpones spot LNG delivery

PTT of Thailand reportedly delayed a tendered LNG cargo for early December due to current low consumption.

Platts cited sources as saying that PTT bought two cargoes from separate sources through a tender that closed at the end of September.

The first cargo was delivered on November 11 from the QCLNG facility on Curtis Island near Gladstone in Australia.

The second LNG cargo was scheduled for delivery in the second half of November, but lower demand from the power generation sector and mild temperatures meant the cargo was deferred to December.

Due to an ailing economy, PTT is not expected to buy any spot cargoes in December and January, while the company expects the deliveries from Qatar to reach 2 million tons of LNG by the end of 2015. These deliveries are part of a 20-year LNG supply deal signed with Qatargas in 2012.

LNG World News Staff; Image: BG Group