Qatargas announced the signing of a long-term LNG sales and purchase agreement between Qatargas 3 and PTT of Thailand.
Under the terms of the deal 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.
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 LNG producer saID.
The current capacity of Map Ta Phut LNG terminal is five MTA and PTT has plans to increase this capacity to ten MTA.
The terminal is currently compatible with Q-Flex vessels with plans to receive Q-max vessels in the future, the statement said.