SINGAPORE/LONDON: Thailand’s largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas (LNG) supply deal, according to four trading sources.
The oil and gas conglomerate is negotiating a supply of 1 million or 2 million tonnes per annum (mtpa), according to different figures cited by the sources, in what would be the latest in a spate of deals by Asian buyers to lock in long term supplies.
A fifth industry source said that both companies are in “serious negotiations”, but added that a deal is not expected before the end of summer.
QatarEnergy and PTT did not immediately respond to a request for comment.
Qatar is the world’s top LNG exporter and competition for LNG has ramped up since the beginning of the war last year in…
