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Thai company to build $2bn LNG terminal as energy deficit looms

Energy Gulf Development plans to open country's 3rd facility of its kind in 2029 The new LNG terminal will be built on reclaimed land at Thailand's Map Ta Phut Port. (Gulf Development) KOKI IZUMI BANGKOK -- Thai power provider Gulf Development looks to open an import terminal for liquefied natural gas in 2029 at a cost of up to 60 billion baht ($1.85 billion) as a solution to the country's dwindling native supply of natural gas. The new LNG terminal will be built at Map Ta Phut Port, southeast of the capital Bangkok. Thai energy giant PTT already operates two LNG terminals at the port, and a pipeline to deliver gas to urban areas has been built.