Is Thailand running out of natural gas all that alarming?

PaulRen's picture
Submitted by PaulRen on Sun, 23/11/2014 - 4:54am
Category: 
Industry

 

New Sources of relative clean/cheap LNG gas for Thailand by 2018?

One of the key future energy concerns in Thailand is the fact that its running out of natural gas, within 5-7 years.  Gas currently is by far the primary source for electricity production in the Kingdom. While not green, its a considerably cleaner source of electricity generation then coal.  Gas supplies running out is one key reason why the past and current Thai government is racing full speed ahead on green/renewables'.  

Yet look below what I found in some recent credible news sources. It seems the world will soon be supplied with a huge new source of US liquefied natural gas, called. LNG. As a company with the stock symbol LNG is coming on in a globally massive scale.

Regarding Thailand running out of Natural gas in a few years, consider this new massive supply source:

Cheniere Energy (LNG) will finish its 12 Bill US$ LNG terminal later in year 2015 from its Sabine Pass plant, and so start exporting massive amount of liquefied natural gas.  4000 workers have spend the past 2 years building this massive undertaking...it will be the largest supercooling facility for natural gas in the US. Cooled to -260 degrees volume gets hugely condensed so it can be loaded to super tankers -and sold around the world, mostly to EU and Asia. The first facility to do so from now gas rich USA.  

 Its CEO  Mr. Charif Souki is the highest paid CEO of a US public company (142 mill US$ in 2013).  Its impact on the global market will be surprising to many....for example it can supply 25% of gas demand for Spain alone, or supply enough gas to UK homes to heat 1.8 milll. homes. Can Thailand be next?

This company states it will be the largest US buyer of natural gas by year 2020.  "For the first time there will be natural gas on the global market which is price sensitive and totally open to destinations that needs it most"  Mr. Charif Souki.
 
Cheniere Energy  stock price has increased from less than 2$ in year 2010, to currently over $74.  Its NYSE stock symbol is appropriately:  LNG.
 
LNG just completed another 2.5 Bill US$ in second round of financing, racing full boat ahead.  For RRJ Capital and Temasek, Singpaore this is a second investment in Cheniere (LNG)  You can see more news and a picture of one of the massive ships which will send gas to Asia here:

http://finance.yahoo.com/tumblr/blog-to-the-early-bird-goes-the-worm-cheniere-raises-2-5-002029155.html 

One has to start wondering if the acclaimed  "running out of Thai gas" is as alarming as its portrait to be?  Maybe some members here know or can help research if Thailand does or will in 5 years time have a lng receiving station in place to safely unload huge amounts of (lng)  liquefied natural gas? 

Paul A. Renaud.

www.thaistocks.com