SINGAPORE: Thailand‘s state energy firm PTT is planning to start a liquefied natural gas (LNG) desk in Singapore to expand its trading activities of the super-chilled fuel, two sources familiar with the matter said on Thursday.
Thailand is in the midst of liberalising its power sector to boost competition in the domestic market. The southeast Asian country relies mainly on natural gas to generate power but domestic supply is falling behind consumption, requiring the country to import more LNG.
PTT is planning to set up the desk next month by hiring at least one LNG trader and an operations staff, the sources said, declining to be identified as they were not authorised to speak with the media.
The company has hired Daisuke Matsuoka to join its Singapore office, one of the sources said.
