Thailand slows spot LNG purchases as coronavirus hits demand
Demand levels have dropped so much that they have almost reached the minimum guaranteed purchase limits under take-or-pay agreements, negating the need for additional spot purchases, the energy authority said. Private power producers will likely need to wait longer for approval to import their first gas shipments
Private power producers in Thailand that were handed licences to import LNG under a recently liberalised policy will have to wait before approval is given for shipments to actually proceed. However, with sharply higher current spot prices, and no shortage of supply this is unlikely to be a problem