BANGKOK Southeast Asia could soon double its capacity to import liquefied natural gas, becoming a key player in the global LNG market, as regional energy supplies fall short of demand.
In Map Ta Phut, a town on the Gulf of Thailand in the country's Rayong Province, expansion work is nearly finished on an LNG import terminal owned by PTT, Thailand's state-owned oil company. The contractor for the project, a consortium of Japan's IHI and South Korea's Posco Engineering, aims to have the new facilities up and running by next March. New docks for transport ships have been added, and two massive storage tanks are almost complete.
