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Thailand sells surplus LNG to Japan, emerging as re-exporter

State-run energy giant PTT also eyes shipments to China and other Asian buyers

A lack of winter demand along with the pandemic, which is stifling industrial electricity usage, has caused an LNG glut in Thailand. (Photo by Nozomu Ogawa)

BANGKOK -- Thailand's state-owned energy conglomerate PTT has shipped liquefied natural gas to Japan for the first time as it looks to re-export fuel for power plants to energy-hungry countries.

The first shipment left a PTT terminal in central Thailand late last month and arrived this week in Japan, which is experiencing a seasonal supply shortage, Nikkei Asia has learned. The unidentified buyer is thought to be a major energy company.

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