PLC PTT telah menyerahkan kontrak senilai 600 juta dolar kepada GS Engineering & Construction Corp. Korea Selatan untuk membangun terminal penerimaan LNG pertama di Thailand di pesisir timur.

Construction of the 5 million tonnes/year facility in Rayong, about 200 km southeast of Bangkok, is due to start shortly for completion in mid-2011, PTT said.

PTT, through subsidiary PTT LNG Co., plans to double the terminal’s capacity to 10 million tpy in a later stage as it ramps up LNG purchases from several sources to meet the country’s rising gas demand.

PTT recently signed an agreement to import 1 million tpy of LNG from Qatargas Operating Co. for 10 years starting in early 2011 with an option to increase the volume to 2 million tpy (OGJ, Feb 11, 2008, Newsletter).

PTT also has been in talks with other LNG suppliers in Indonesia, Australia, and the Middle East, as price disputes have bogged down the finalization of the 20-year supply of 3 million tpy from Iran’s Pars LNG project.