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  1. #1
    Mid
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    PTT Mulls Liquefied Natural Gas Firm

    PTT Mulls Liquefied Natural Gas Firm
    21 April 2010

    PTT is mulling over the introduction of a floating liquefied natural gas or LNG company on the Australian sea and reveals that the business would cope with production and sales for both domestic and international markets.

    PTT's Senior Executive Vice President of the Gas Business Unit, Permsak Shevawattananon, has revealed that PTT is working on the establishment of PTT FLNG, a floating liquefied natural gas or LNG firm to produced LNG on a ship.

    He explained that the newly-formed floating LNG will not only deal with LNG import, but also with production for domestic and overseas sales.

    Permsak believes this firm will help strengthen Thailand's revenue and anticipated that the project will be completed by 2013.

    As for ships, he disclosed that PTT is looking for two quality vessels with 10-million ton production capability, each constructed by Chevron.

    Concerning the production target, the senior executive vice president has his eye on a 3- million-ton per year goal.

    51 percent of the floating LNP firm's shares will be held by PTT, while the remaining will be held by PTT Exploration and Production.

    Regarding the gas production source, Permsak believes the location should be off-shore of Australia, whose concession is now offered to PTT Exploration and Production before PTT will select the actual site in the Gulf of Thailand at a later time.

    He explained that the floating LNG production will benefit Thailand tremendously because most of production sites are near islands, where ships are able to reach easily and even produce gas immediately at those sites as tanks for containing oil and tubes for delivery will no longer be necessary.

    The PTT executive added that his firm is also considering introducing LNG to Sedan, as the policy will benefit remote areas in the Kingdom.

    He said LNG produces no carbon dioxide emission and will allow cars to travel more with the same amount of gas consumption.

    As for retail oil prices, PTT said Gasohol 91, 95, and E20 will be cut by 40 satang per litre, while Benzine 91 will drop by 20 satang a litre. Diesel will remain unchanged. The new prices will come into effect at 5 a.m. tomorrow.

    thailandoutlook.tv

  2. #2
    Dan
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    He said LNG produces no carbon dioxide emission
    What the fuck is he talking about? LNG is (mainly) methane and if you burn methane you get water and carbon dioxide.

  3. #3
    Mid
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    Quote Originally Posted by Dan
    What the fuck is he talking about?
    confused with carbon monoxide ?

  4. #4
    Dan
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    Maybe just confused.

  5. #5
    Newbie Unionhillbkk's Avatar
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    I'm sure this article is not of much interest to most but I happen to work in this field and in my view this entire article from TAN Network is complete gobbledeegook.
    There are no floating LNG plants anywhere in the world as far as I know although Shell has asked a joint venture of Samsung and Technip to do a prelimary design study on building one. The piece of kit they are working on is expected to weigh about 600,000 tonnes and is intended to operate in waters off Western Australia. To put that into perspective, we are talking about an offshore structure the size of a US aircraft carrier.

    There are floating production, storage & offloading vessels (FPSOs) in service all over the world but Mr Permsak here clearly has no idea what these vessels are for or how they operate. He also discloses "that PTT is looking for two quality vessels with 10-million ton production capability, each constructed by Chevron." I'm guessing he means two FPSOs but Chevron does not build ships as far as I'm aware, unless they've recently started up a little sideline.
    Mr Permsak also says "..his firm is also considering introducing LNG to Sedan, as the policy will benefit remote areas in the Kingdom.'
    Where is Sedan? Does he mean Sudan? and benefit remote parts of which Kingdom? Does he mean Thailand? How does that work?

    If anybody knows or cares what this article is trying to say, I would be mildly intersted.

  6. #6
    Mid
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    Quote Originally Posted by Unionhillbkk
    If anybody knows or cares what this article is trying to say, I would be mildly intersted.
    flushing out input similar to yours was the motivation for posting

    thank-you for same

  7. #7
    disturbance in the Turnip baldrick's Avatar
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    there are plans for floating gas trains - Exxon Plans $1B Floating Refinery - Platform 4 miles off New Jersey would supply natural gas for 5M

    but I think the waste of space is referring to an FPSO

  8. #8
    Have you got any cheese Thetyim's Avatar
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    Quote Originally Posted by Unionhillbkk
    Does he mean Sudan? and benefit remote parts of which Kingdom? Does he mean Thailand?
    The ransom demands would benefit Somalia

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