Approval has been granted to Thailand’s PTT Pcl to build a second LNG terminal in Rayong province as well as to expand capacity at its current facility.
The national energy policy commission gave permission for the $1.03 billion facility to be constructed with an initial capacity of five million tonnes per year. It is expected to be completed during 2022.
Energy minister Anantaporn Lanjanarat told media that the company would study the possibility of increasing the capacity of the terminal to 7.5 million tonnes.
Additionally, PTT will also invest $28 million to increase capacity at its current terminal at Map Ta Phut by 1.5 million tonnes a year to 11.5 million tonnes in 2019.
Work is already underway to double the terminal’s capacity to 10 million tonnes by 2017.
The country uses natural gas for nearly 70% of its power generation and has become more reliant on imports.