Qatargas Operating Company Limited (Qatargas) today announced the signing of a long-term LNG Sales and Purchase Agreement (SPA) between Qatar Liquefied Gas Company Limited 3 (Qatargas 3) and PTT Public Company Limited of Thailand.
The agreement was signed by His Excellency Dr. Mohammed Bin Saleh Al-Sada, Minister of Energy and Industry and Chairman of the Board of Qatargas and Mr. 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.
H.E. Dr. Al-Sada said:
“Emanating from the wise vision of His Highness 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. Qatari LNG continues to play a key role in helping countries around the world improve the diversity of their energy supplies. We are very happy that our discussions with PTT regarding a long term agreement have come to fruition. We look forward to a strong and enduring partnership with PTT.”
Mr. 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”
In 2011, Qatargas delivered the first commissioning cargo to Map Ta Phut LNG Receiving Terminal, Thailand’s first and only LNG receiving terminal. Since then, Qatargas has sold several spot cargoes to PTT.
The current capacity of Map Ta Phut LNG Receiving Terminal is five MTA and PTT has plans to increase this capacity to ten MTA. The terminal is currently compatible with Q-Flex vessels with plans to receive Q-max vessels in the future.
Qatargas sees the Kingdom of Thailand as an evolving LNG market and recognizes its potential within South East Asia to absorb significant quantities of LNG in the future.
via Qatargas – News.
Wego identifies nine 2018 travel trends in the MENA region
MENA covers the Middle East and North Africa and Wego’s trending is based on observations sourced from data in this region
Qatar Airways opens new Doha-Chiang Mai route
Qatar Airways will operate four flights per week on the Doha-Chiang Mai route with an Airbus A330-200 aircraft, which features 24 seats in Business Class and 236 seats in Economy Class
Thailand celebrated the start of Qatar Airways’ latest direct non-stop service from Doha to Chiang Mai, bringing significant new sources of traffic by allowing visitors from Europe, the Middle East and Africa to connect to the Northern Thai city via the airline’s hub in Qatar. (more…)
Can border reopening revive tourism in South-East Asia?
In Thailand, where pre-pandemic tourism accounted for 11-12% of GDP, the country lost an estimated $50bn last year as Covid-19...
Thailand dropped from UK’s tough covid-19 travel ‘red list’
Earlier, Thailand was listed among countries with high infection levels that were put on a ‘red list’, requiring arrivals to...
The ASEAN-Russia Trade and Investment Cooperation Work Program
ASEAN and Russia recently agreed to enhance and widen economic cooperation at the 10th ASEAN Economic Ministers (AEM)-Russia Consultations held...
Flexible Workspace Startup Worklounge Debuts with 20+ Luxury Member Lounges in Thailand
Worklounge launches a premium membership granting remote professionals and executives access to exclusive hotel lounges across Thailand. Their platform is...
5 insights to guide ASEAN’s digital generation in a post-pandemic world
We surveyed 86,000 people from six ASEAN countries about their views for a post-pandemic world. The ASEAN Digital Generation Report...