ATHB 40.9 billion (USD 1.3 billion) port and gas terminal on Thailand east coast, the country’s Industrial Estate Authority (IEAT) said on October 1
The project is to be developed by Gulf Energy Development Pcl and state-owned PTT Pcl.
The Gulf MPT LNG Terminal Company Limited will be a joint venture in which a Gulf Energy subsidiary would have a 70% stake while a PTT entity would hold a 30% stake.
The project envisions the construction of a port and an LNG terminal with an initial annual capacity of 5 million metric tons.
The facility is scheduled to start commercial operations by 2025, and is expected to bring in more investment to the country’s industrial region