Qatargas, Thailand’s EGAT sign MoU on LNG co-operation

Qatargas and the Electricity Generating Authority of Thailand (EGAT) yesterday signed a Memorandum of Understanding (MoU) to explore collaborative efforts in the LNG (liquefied natural gas) business. Under the terms of the MoU, the parties will jointly identify and evaluate best practices in the LNG industry, particularly in the sharing of knowledge and expertise in procurement of LNG, transportation, and floating storage and regasification units (FSRU). In addition, the MoU includes a scope for the possible supply of LNG to Thailand.

 

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Al-Kaabi: Sharing expertise. Right: Sheikh Khalid: Building a long-term relationship.

As part of the MoU, a committee of representatives from both companies will be formed to execute the terms of agreement. “Qatargas is delighted to enhance our relationship with Thailand, and to share our expertise with EGAT, Thailand’s leading power utility…We look forward to working with EGAT to identify and evaluate future opportunities to supply EGAT with Qatari LNG,” according to Saad Sherida al-Kaabi, president and chief executive of Qatar Petroleum, and chairman of Qatargas.

Sheikh Khalid bin Khalifa al-Thani, chief executive, Qatargas, said, as a unique global energy operator in terms of size, service and reliability, Qatargas is very pleased to announce this MoU with EGAT. “Once identified, we look forward to the prospect of building a long-term supply relationship with EGAT,” he added. “EGAT is pleased to collaborate with Qatargas, the world leading LNG supplier with strong technology and industry knowledge. We look forward to learning from their expertise and developing best business solution together,” according to Kornrasit Pakchotanon, governor, EGAT.

Sources and photo-credits: Gulf Times