PTT to pen long-term LNG supply deals with Shell, BP

PTT of Thailand has been given the green light to purchase 2 mtpa of LNG from Shell Eastern and BP Singapore through long-term deals. 

Reuters reports the country’s energy minister Narongchai Akrasaneehe saying that the two companies will supply a million tons of LNG each to PTT starting from 2017.

Earlier in the year, PTT revealed it has engaged in talks with several LNG suppliers over long-term deals.

Pailin Chuchottaworn, PTT’s chief executive said the company is also looking to extend its cooperation with Qatargas with which PTT has a deal to import 2 mtpa of LNG over the next 20 years.

PTT has reportedly been looking for short-term supply on the LNG spot market with Frances Total and Shell revealed as possible suppliers.

LNG World News Staff; Image: PTT