Thailand in Talks With Angola, Qatar for Energy Supplies

Angola and Thailand have signed a Memorandum of Understanding on cooperation in the oil and natural gas sector.

Bankok Post has reported that Thailand is also in talks with Qatar a long-term purchase contract of 2 million tonnes of LNG a year.  PTTEP is seeking to buy another 500,000 tonnes to meet LNG demand in Thailand.

Country’s Energy Policy and Planning Office last month projected gas demand to grow by 7.4 % this year to 4.51 billion cubic feet per day from 4.1 billion cfpd a year ago.

The demand will come from the power and industrial sectors and compressed natural gas users.

PTT is designing the $400-million second phase of the LNG receiving terminal in its oil and chemical complex in Map Ta Phut. When completed, annual capacity will be doubled to 10 million tonnes or 1.4 billion cfpd. The second phase is scheduled to become operational in 2016.