Qatargas, PTT Sign LNG Deal

Qatargas has inked a long-term LNG Sales and Purchase Agreement (SPA) between Qatargas 3 and PTT PLC 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. 

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.