Banpu Expands into US LNG Business

MGR Online•Economy•1d ago

Reader Briefing

Banpu is studying the feasibility of investing in LNG production in the United States to export to high-demand markets.

•Banpu is exploring LNG business investments in the United States due to rising global LNG prices.
•BJV Corporation (BKV), a Banpu subsidiary, operates as a major natural gas producer in the Barnett field, Texas.
•Banpu plans to enter the battery farm business in Japan, the United States, and China to support Data Center power needs.

•Geopolitical tensions and attacks on oil tankers in the Middle East have pushed global LNG prices to over 20 US dollars per million BTU.
•Banpu is studying the feasibility of investing in LNG production plants in the United States, which requires high investment and joint venture partners.
•BJV Corporation (BKV) is among the top 15 natural gas producers in the United States and the largest producer in the Barnett field, Texas.
•BKV operates a 1.5 gigawatt Combined Cycle Gas Turbine (CCGT) power plant in Texas and three operational carbon capture and storage (CCS) projects.
•BKV targets a carbon capture rate of approximately 1.5 million tons of carbon dioxide per year by 2028.
•BKV is developing an Integrated Energy Complex in Jack County, Texas, on over 6,200 acres to support the ERCOT electricity market.
•Banpu is expanding into battery farms in Japan, the United States, and China to provide backup power for Data Centers.
•Sinnon Vongkusolkit suggested that CCS projects under the PDP 2026 draft plan will likely require government subsidies due to high investment costs.

Full article content is available on the original source.

Banpu(บ้านปู)

A company expanding into US LNG production and battery farms in Japan, the US, and China.

BJV Corporation

A Banpu-majority owned company and one of the top 15 natural gas producers in the United States.

BKV

An abbreviation for BJV Corporation, the largest natural gas producer in the Barnett field.

The free electricity market in Texas experiencing growth in power demand.

Sinnon Vongkusolkit(สินนท์ ว่องกุศลกิจ)

Chief Executive Officer of Banpu Public Company Limited.

United States(สหรัฐฯ)ℹ️

The location where Banpu is studying LNG investment and BKV operates gas and power assets.

Barnett(บาร์เนตต์)ℹ️

A gas field in Texas where BKV is the largest producer.

Texas(เท็กซัส)ℹ️

The US state where BKV operates power plants and gas production.

Jack Countyℹ️

The location in Texas where BKV is developing an Integrated Energy Complex.

Japan(ญี่ปุ่น)ℹ️

A country where Banpu is venturing into the battery farm business.

China(จีน)ℹ️

A country where Banpu is venturing into the battery farm business and targets as an LNG customer.

Thailand(ไทย)ℹ️

A country where Banpu intends to invest in battery farms and target as an LNG customer.

PDP 2026

Thailand's power development plan draft that includes CCS projects to reach Net Zero by 2050.