Thailand Urges US to Supply LNG Long Term

Bangkok Post
Sunday, December 02, 2012

During President Obama's recent visit Thai Prime Minister, Yingluck Shinawatra sought agreement with US for LNG supply over next 20-years.

By 2020, the US should be able to produce gas and crude of about 11.1 million barrels a day, while Saudi Arabia's capacity is projected at 10.2 million barrels a day. If the US can maintain that capacity throughout 2035 as planned, it would be the world's largest exporter of crude, reports the Bangkok Post.

At a seminar entitled "Thailand's Economic Outlook" in Bangkok , Virabongsa Ramangkura, chairman of Thailand's Strategic Committee for Reconstruction and Future Development pointed out that though Thailand has not entered into an FTA with the US, Thailand is treated as a Non-FTA Partner, and it has bought energy at lower prices than market leader Saudi Arabia is charging on the global market.

By 2020, the US should be able to produce gas and crude of about 11.1 million barrels a day, while Saudi Arabia's capacity is projected at 10.2 million barrels a day. If the US can maintain that capacity throughout 2035 as planned, it would be the world's largest exporter of crude.

Source: Bangkok Post
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

MOL Signs Long-Term Charter with Uruguayan JV for FSRU

Japanese shipping company Mitsui O.S.K. Lines, has, through its wholly-owned subsidiary Lakler S.A., agreed to conclude a charter contract with Gas Sayago, for

Team Britannia, GAC Inks Partnership Deal

As Team Britannia prepares for its bid to break the round-the-world powerboat record later this year, GAC has been named their official shipping and logistics partner.

Libya's PFG to Lift Terminal Blockades

Petroleum Facilities Guard has blocked terminals for months. Ras Lanuf, Es Sider terminals damaged by fighting. Libya's Petroleum Facilities Guard (PFG) will

LNG

LNG: Did the Greeks Get it Wrong?

In December 2013, Alibra’s market report front page read: “When in shipping, do as the Greeks do.” At that time, Alibra was referring to the fact that 31% of the

Ship of the Year Award for NYK Vessel

Japan's first LNG-fueled ship, Sakigake, which is a tugboat owned by NYK has been recognized with a Technology Special Award at the 2015 Ship of the Year Awards

First U.S. LNG shipment to cross expanded Panama Canal

The United States will ship its first liquefied natural gas (LNG) cargo through an expanded Panama Canal next week.   The waterway shaves distances between export

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0780 sec (13 req/sec)