First, it was Singapore that made bare its plans to be an LNG hub in Asia. Not to be outclassed, Thailand too has expressed its own lofty ambitions to get into the race of being Asia’s premier LNG bunker trading hub.
There is plenty of reason why. According to The World Bank, more than 70% of Thailand’s electricity production comes from natural gas. With its cleaner properties and growing popularity in Asia where runaway demands led by China is changing all manner of dynamics, Bangkok is just where history wants it to be.
As it now stands, domestic output is providing for more than 70% of Thailand’s gas needs while pipeline deliveries from neighbouring Myanmar – where gas been found in abundance – account for the rest.
This was affirmed by Porrasak Ngamsompark, Acting Director of the LNG Management Bureau at Thailand’s Department of Mineral Fuels, at an event in Singapore recently when the city-state held its’ International Energy Week.
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