Qatargas Operating Company Limited has announced the signing of a long-term LNG Sales and Purchase Agreement (SPA) between Qatar Liquefied Gas Company Limited and PTT Public Company Limited of Thailand.
The agreement was signed by Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry and Chairman of the Board of Qatargas and Pailin Chuchottaworn, Chief Executive Officer and President of PTT.
Under the terms of the agreement, Qatargas 3 will deliver two million tonnes per annum (MTA) of LNG for a period of 20 years beginning from 2015. The agreement marks PTT’s first long-term LNG SPA.
Dr. Al-Sada said: “Emanating from the wise vision of the Emir of the State of Qatar, Sheikh Hamad Bin Khalifa Al-Thani, Qatar is to provide reliable energy supplies to the world.
I am proud to state that in line with this vision Qatargas, the largest LNG producing company in the world has committed to provide LNG to Thailand to meet its growing energy needs. This agreement underpins Qatar’s proven capability to meet the LNG requirement of the customers around the globe safely and reliably.”
Khalid Bin Khalifa Al-Thani, Chief Executive Officer of Qatargas Operating Company Limited, added: “This is a momentous occasion for us as this is the first long-term agreement for Qatargas in South-East Asia and our first term contract with PTT.”
Pailin Chuchottaworn, Chief Executive Officer and President of PTT said: “Qatargas and PTT have consistently maintained cordial relations.
In our initial preparation for LNG imports, Qatargas supported us and delivered LNG commissioning cargoes. In particular, its LNG delivery proved helpful last year when one of our transmission pipelines faced problems. Today, PTT is delighted to have concluded this long-term LNG agreement, the first for Thailand with Qatargas”.
Thanks to the support of both countries, the success today marks a milestone for continued cordial partnership between the two entities, together with LNG and natural gas cooperation in future years”. He said.
From Gulf Today