Thailand Embarks on USD 1.3 Bn Port and LNG Terminal Project

Thailand LNG terminalImage Courtesy: IEAT

Thailand is set to receive a THB 40.9 billion (USD 1.3 billion) port and gas terminal on its east coast, the country’s Industrial Estate Authority (IEAT) said on October 1.

The project is to be developed by Gulf Energy Development Pcl and state-owned PTT Pcl.

The Gulf MPT LNG Terminal Company Limited will be a joint venture in which a Gulf Energy subsidiary would have a 70% stake while a PTT entity would hold a 30% stake.

The project envisions the construction of a port and an LNG terminal with an initial annual capacity of 5 million metric tons.

The facility is scheduled to start commercial operations by 2025, and is expected to bring in more investment to the country’s industrial region.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

Salvage & Wreck

Salvage and Wreck Removal Conference will focus on Casualty management case studies, Dealing with hazardous cargo and container ship fires…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >