Thairath Online
March 16, 2022 19:20
B.Grimm LNG and PTT LNG signed a contract for the service of a storage station. and natural gas conversion Ready to be a private company with the ability to import LNG as the country’s first
Dr. Harald Link Chairman B.Grimm and Chief Executive Officer B.Grimm Power Public Company Limited said that recently we have signed a Terminal Use Agreement (TUA) between B.Grimm LNG Company. Ltd. with PTT LNG Company Limited, this time is an important step in the liberalization of natural gas in Thailand. to make suppliers and wholesalersnatural gas (Shipper) Private has come to use the storage and transformation of natural gas. This is the main infrastructure that plays an important role for Thailand’s natural gas business.
After the government The Ministry of Energy and the ERC have set guidelines to promote competition in the natural gas industry. By allowing the private sector to apply for a shipper license to import LNG, once the LNG is imported, it must be converted from liquid to gas at the LNG Terminal of PTT LNG Company Limited and imported. PTT’s gas pipeline system to deliver to end customers, both power plants and various industries.
B.Grimm LNG Co., Ltd. is one of the seven shipper who received a natural gas wholesale supply license from the ERC on May 27, 2020. The company has been preparing to negotiate the LNG purchase contract with the world top seller as well as the readiness to request the service of the 1st PTT LNG Terminal (LMPT-1) with PTT LNG Company Limited
by submitting a reservation for LMPT-1 with PTT LNG Company Limited on October 20, 1964, amounting to 500,000 tons per year for a period of 7 years (Year 2023 – 2029) by the ERC’s resolution on On 8 Dec. 64, B.Grimm LNG Co., Ltd. has been allocated 0.5 million tons of LMPT-1 subscription per year from 2023 – 2029 to promote competition in the long-term natural gas business. The second is appropriate.
However, following the signing of the TUA contract this time, besides being an important step for the liberalization of natural gas in Thailand, B.Grimm LNG Company Limited is considered a private company with the ability to import. LNG is the country’s first The first commercial LNG tankers from long-term LNG supply contracts are expected to be delivered at LMPT-1 by early 2023, to truly promote free competition in the domestic phase 2 natural gas industry.
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