Qatargas has signed a long-term LNG Sales and Purchase Agreement (SPA) between Qatar Liquefied Gas Company Limited 3 (Qatargas 3) and PTT of Thailand
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, Qatargas said in a statement.
“This agreement underpins Qatar’s proven capability to meet the LNG requirement of the customers around the globe safely and reliably,” said Dr Mohammed Bin Saleh Al Sada, chairman of the board of Qatargas.
“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,” said Khalid Bin Khalifa Al Thani, chief executive officer of Qatargas.
”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,” Thani added.
Pailin Chuchottaworn, chief executive officer and president of PTT said, “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 in future years.”
