Thai PTT wins approval to build 2nd phase of LNG terminal

Thailand's PTT has won approval to build the second phase of a liquefied natural gas (LNG) receiving terminal worth 21.4 billion baht ($698 million), the Energy Ministry's National Energy Policy Office said on Thursday, Reuters reports.

The company has also been given the authorisation to buy an annual 2 million tonnes of LNG from Qatar Liquefied Gas Company Limited for 20 years starting from 2015, the energy agency said in a statement.