Japan’s city gas supplier and LNG importer Tokyo Gas is joining forces with a unit of the state-owned oil and gas firm PTT to supply LNG via trucks and work on power projects in Thailand.
In that regard, Tokyo Gas Engineering Solutions (TGES), a unit of Tokyo Gas, has agreed to form a joint venture with Siam Management (SMH), a subsidiary of PTT.
SMH would have a 51 percent stake in the Bangkok-based joint venture named PTT&TGES Optec (Optec), while the Japanese firm would hold the rest, according to a statement by Tokyo Gas.
The JV would enter into “on-site energy service business including improving efficiency technology solutions and fuel supply such as LNG supply in relation to factories, small power producers and utilities in Thailand,” it said.
Tokyo Gas says the JV would help in fuel conversion from LPG and heavy oil to LNG in Thailand.
In addition to fuel supply, such as LNG by trucks for industrial customers, Optec would implement “more advanced energy service.”
This includes combining “heat and power system, solar as well as biomass power and thermal generation system and visualization/automatic optimum control system of several equipment in Thailand,” Tokyo Gas said.
Thailand has last year boosted its LNG imports 12.2 percent to 5.61 million tonnes, according to GIIGNL data. The country receives LNG mainly from Qatar at PTT’s 11.5 mtpa Map Ta Phut LNG terminal.
PTT also plans to launch its Nong Fab LNG receiving terminal in Rayong, with a total capacity of 7.5 mtpa, in 2022.
