Thai PTT to delay LNG purchase from Shell, BP due to weak demand
By Khettiya Jittapong
BANGKOK (Reuters) – Thailand’s PTT Pcl plans to delay its purchase of liquefied natural gas (LNG) from Shell Eastern Trading (PTE) and BP Singapore PTE Ltd due to weaker-than expected domestic demand, its executive said on Tuesday.
PTT is currently in discussions with the two suppliers regarding the delay, Noppadol Pinsupa, senior executive vice president for PTT’s gas business unit, told reporters.
PTT, the country’s top energy firm, expects LNG imports of about 2.7 million tonnes this year, lower than a prior estimate of almost 5 million tonnes, the executive added. Thailand imported 2.6 million tonnes of LNG in 2015, he said.
(Reporting by Khettiya Jittapong; Editing by Himani Sarkar)
List of related news articles
-
Posted: 26 days ago
Weir to supply 1,800 wellhead sets and trees to PTTEP
The Dubai arm of oilfield equipment supplier Weir Oil & Gas has signed a five-year deal to suppl...
Posted: 26 days ago -
Posted: 4 days ago
Rystad Energy: 2020 gas production exceeded demand
Rystad Energy, an independent energy research and business intelligence company, analyzed gas-relate...
Posted: 4 days ago -
Posted: about 1 month ago
Mubadala completes Thai field interest buy
Mubadala Petroleum has completed the acquisition of additional interest in its operated G1/48 Conces...
Posted: about 1 month ago -
Posted: about 1 month ago
Serica suffers Rhum delays due to Awilco rig downtime
Serica Energy has encountered difficulties while conducting a well intervention project on the Rhum ...
Posted: about 1 month ago