To mark the occasion, PTT held a ceremony on January 28 attended by officials from its LNG unit and Cheniere, according to a statement.
The 180,000-cbm GasLog Wellington, which is on charter with Cheniere, delivered the LNG shipment to PTT’s first Map Ta Put LNG terminal (LMPT 1) with a capacity of 11.5 mtpa.
GasLog Wellington’s AIS data provided by VesselValue shows that the vessel delivered the cargo from Cheniere’s Sabine Pass LNG terminal in Louisiana.
PTT noted that this is the first LNG cargo under its long-term deal with Cheniere, announced in July 2022.
The firm said the deal is for 1 million tonnes per annum for 15 years.
However, in 2022, Cheniere said the supplies would begin in 2026 and last for 20 years.
The SPA calls for a combination of free-on-board (FOB) and delivered ex-ship (DES) deliveries.
Also, the Henry Hub-indexed deal includes a fixed liquefaction fee.
PTT said this direct import of LNG from producers marks a “significant milestone in strengthening the country’s long-term energy security and enhances the national ability to diversify energy supply sources beyond the Middle East and Asia.”
“It also helps manage energy cost risks arising from volatility in global markets and supports energy demand across the power generation and industrial sectors, thereby driving the nation’s economic growth,” PTT said.
In addition to the first Map Ta Phut LNG terminal, PTT operates the second Map Ta Phut LMPT2 LNG terminal, also known as the Nong Fab LNG terminal, with a capacity of 7.5 mtpa.
Thailand’s Gulf and PTT Tank Terminal, a unit of PTT, also expect to launch commercial operations at their LNG terminal in Map Ta Phut, Thailand’s third such facility, in the first quarter of 2029.
