Egat readying country's first FSRU
The state-run Electricity Generating Authority of Thailand (Egat) is preparing to develop the country's first floating storage regasification unit (FSRU) worth 24.5 billion baht to support its business plan to import liquefied natural gas (LNG) from 2020.
The National Energy Policy Council approved Egat developing this massive investment project in 2017.
Egat aims to be an LNG shipper for power generation as the government plans to liberalise the business. PTT Plc has been the sole LNG shipper for more than 30 years.
Nibong Ungkurapinan, head of Egat's civil and coastal engineering department, said the 24.5-billion-baht value is a preliminary estimate.
The FSRU will be located in a 20-kilometre offshore area in the Gulf of Thailand.
The unit will be 38km from a gas pipeline to Egat's South Bangkok Power Plant in Samut Prakan.
The FSRU is an enormous barge designed to process LNG, which is then fed to the onshore power plant through a gas pipeline. The regasification process will be done offshore.
"Egat decided on offshore instead of onshore because the former requires less land, less time for development and has less impact on surrounding communities," Mr Nibong said.
An environmental impact assessment report is being considered by the government. Egat expects approval by the first quarter of 2020.
In addition, Egat is preparing international bidding documents for front-end engineering design, then sending invitation cards to shipbuilders in the first quarter of 2020.
He said Egat plan....