Thai utility to cancel long-term LNG imports from Malaysia
Thailand is expected to cancel the award of a long-term LNG supply contract to Malaysian oil and gas company Petronas. This state of affairs has been brought about owing to the reversal of a policy that would have allowed the state-run utility provider the Electricity Generating Authority of Thailand to import 1.5m tonnes per annum of LNG. However, the utility provider EGAT is sticking to its plan to import spot cargoes from Malaysia
Petronas won a long-term supply contract that was tendered out earlier this year. This deal is now expected to be called off, an official from the Electricity Generating Authority of Thailand told Reuters
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