Thailand Embarks on USD 1.3 Bn Port and LNG Terminal Project

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
Thailand Embarks on USD 1.3 Bn Port and LNG Terminal Project

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.

Oct 16, 2019 13:39
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