ID :
169926
Tue, 03/22/2011 - 10:29
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http://m.oananews.org//node/169926
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Thai LNG imports to surge without nuclear or coal power
AMSTERDAM, March 22 - Global preference for natural gas will likely increase following the nuclear crisis in Japan, as Thailand aims to revise its own energy production plans anticipating dire times ahead for nuclear and coal power development, says a Thai energy official.
The Energy Ministry's Permanent-Secretary Norkhun Sitthipong, disclosed the changing trend Tuesday morning at the 25th world natural gas industry conference (GASTECH 2011), which is being held in Amsterdam and will finish Thursday. He said that the revision to Thailand’s long-term electricity production development plan (PDP 2010) will be critical for the next two decades, as its nuclear and coal energy capacity may be averted due to their risks.
Norkhun revealed that the proposed energy projects are under ongoing assessment by his ministry and that they could be canceled. Such a move would mean the Thai petroleum giant, PTT PLC, may have to increase its imports of liquid natural gas (LNG), to make the country's energy consumption more efficient overall.
Meanwhile, Prasert Bunsumpun, as PTT’s chief executive officer, said its first LNG reserve project, worth an investment value of 700-800 million US dollars, will be ready to shoulder more LNG imports by May this year, and will be capable of holding a supply of 10 million tonnes by 2021.
In the meantime, analysts predicted without a nuclear power plant in Thailand within 2018-2030, natural gas consumption will rise to 6 billion cubic foot daily, and account for 66 per cent of the nation’s total energy consumption, and therefore suggested a second LNG reserve depot be ready by 2015. (TNA)
The Energy Ministry's Permanent-Secretary Norkhun Sitthipong, disclosed the changing trend Tuesday morning at the 25th world natural gas industry conference (GASTECH 2011), which is being held in Amsterdam and will finish Thursday. He said that the revision to Thailand’s long-term electricity production development plan (PDP 2010) will be critical for the next two decades, as its nuclear and coal energy capacity may be averted due to their risks.
Norkhun revealed that the proposed energy projects are under ongoing assessment by his ministry and that they could be canceled. Such a move would mean the Thai petroleum giant, PTT PLC, may have to increase its imports of liquid natural gas (LNG), to make the country's energy consumption more efficient overall.
Meanwhile, Prasert Bunsumpun, as PTT’s chief executive officer, said its first LNG reserve project, worth an investment value of 700-800 million US dollars, will be ready to shoulder more LNG imports by May this year, and will be capable of holding a supply of 10 million tonnes by 2021.
In the meantime, analysts predicted without a nuclear power plant in Thailand within 2018-2030, natural gas consumption will rise to 6 billion cubic foot daily, and account for 66 per cent of the nation’s total energy consumption, and therefore suggested a second LNG reserve depot be ready by 2015. (TNA)
