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Thailand picking up cheap distressed LNG cargoes

State-owned PTT has purchased about a dozen LNG cargoes from the spot market as prices for the supercooled fuel tumbled to multi-year lows, according to LLI data and a news report. PTT also looks likely to pick up further cargoes diverted from India as the world's second most populous country has headed into a three-week lockdown

The coronavirus outbreak has opened a window of opportunity for Thailand to import cheap LNG cargoes sourced from the spot market

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