(EnergyAsia, December 13 2012, Thursday) — Qatargas Operating Company Limited said it has signed a 20-year contract for a jointly-owned subsidiary to supply liquefied natural gas (LNG) to Thai state-owned PTT Public Company Limited starting 2015.
Qatar Liquefied Gas Company Limited 3 or QatarGas will supply two million tonnes of LNG a year starting 2015, according to a contract signed this week by Mohammed Bin Saleh Al-Sada, Qatargas chairman, and Pailin Chuchottaworn, PTT’s CEO and President.
Dr Al-Sada, who is also Qatar’s Minister of Energy and Industry, said:
“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, Qatargas’s CEO, said:
“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 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 at the opening of Thailand’s first and only LNG receiving terminal at Map Ta Phut. Qatargas has sold several more cargoes to PTT, which plans to double the five-million-tonne Map Ta Phut terminal.
The terminal is compatible with Q-Flex vessels and will be able to accommodate Q-max vessels after its expansion.
Operated by Qatargas, the Qatargas 3 joint venture produces LNG at its 7.8 million/tonne Train 6 terminal. Qatargas 3 shareholders include Qatar Petroleum (68.5%), ConocoPhillips (30%) and Mitsui & Co. Ltd. (1.5%).