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Ahlone LNG Terminal was a liquefied natural gas (LNG) import terminal proposed in Myanmar.[1][2][3] The project was shelved by its sponsor in 2022, and following two more years with no project updates, it is presumed cancelled as of 2024.
Location
Project details
- Operator: TPMC[2]
- Owner: TTCL[1]
- Parent company: TTCL[1]
- Location: Ahlone, Myanmar[1]
- Coordinates: 16.789024, 96.120054 (estimate)
- Capacity:
- Status: Cancelled
- Formerly Shelved[3]
- Type: Import[1]
- Start year: 2024[4]
Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day
Background
Myanmar Ministry of Electricity and Energy will float an international tender to build the country's first liquefied natural gas terminal, originally planned for as early as April 2017. Along with a floating LNG terminal with an annual capacity of up to 4 million tons, the US$2 billion project includes construction of 200km of pipeline to bring the gas to urban areas and a 1,250 megawatt gas-fired power plant. Japanese trading houses and Thai and European oil companies have reportedly expressed interest in the project. Total SA, a French energy company, is reportedly in talks with the Myanmar government regarding the terminal after the Myanmar government issued requests for expressions of interest in September of 2016.[5]
Although the site for the terminal has yet to be determined, one prime candidate is a coastal area in the eastern state of Mon, near Yangon. The power plant may be located near the terminal, or somewhere near Yangon. The government plans to select the winning bid by the end of 2017, with the terminal anticipated to go online in 2020.[6]
In June 2019 an LNG-to-power project in Yangon, including an LNG terminal, was proposed by TTCL, a company based in Thailand.[7] Originally an engineering, procurement and construction (EPC) contractor, TTCL has over the past decade shifted its focus increasingly to power generation. It has placed its power assets, including the Ahlone LNG project, in a Singapore-based holding company, and plans to spin off the company into a separate listed stock, in which TTCL would retain at least 60 percent.[1]
The original proposal from TTCL was to deploy a floating storage and regasification unit (FSRU) on the Yangon River near its existing Ahlone power plant, although, as of June 2019, this plan had changed to the construction of an LNG terminal in Dala Township.
In January 2021, Myanmar Times reported that a power purchasing agreement (PPA) had been signed between Electric Power Generation Enterprise under the Ministry of Electricity and Energy (MOEE) and TTCL Power Myanmar Co to implement a 365 MW power project including an LNG terminal. The project location has been reverted from Dala Township to Ahlone.[4]
As of July 2023, TTCL announced potential creditors' and/or investors' concerns over ongoing political unrest in Myanmar and the lacking financial capability of the company to develop the project soon in the latest update of November 30, 2022.[3]
There have been more than two years since the latest project update, and the project is presumed to be cancelled as of July 2024.
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 Kyaw Ye Lynn & Thomas Kean, LNG projects: delayed, not dead, Frontier Myanmar, June 28, 2019
- ↑ 2.0 2.1 TTCL Myanmar Company Limited (TPMC) (2019-08-27). "Ahlone project" (PDF). ttcl.com.
{{cite web}}: CS1 maint: url-status (link) - ↑ 3.0 3.1 3.2 "TTCL PLC" (PDF). ttcl.com. 2022-11-30. Retrieved 2023-07-07.
{{cite web}}: CS1 maint: url-status (link) - ↑ 4.0 4.1 "Yangon plant to generate power from LNG". The Myanmar Times. 2021-01-20. Retrieved 2022-06-30.
- ↑ "Total in Talks with Myanmar to Build Power Plant, Supply LNG," Nikkei Asian Review, March 14, 2017
- ↑ "Myanmar to solicit bids for its 1st LNG terminal," Nikkei Asian Review, March 14, 2017
- ↑ LNG Projects Delayed Not Dead, Frontier Myanmar, Jun. 28, 2019
