Baku, Azerbaijan, Dec.29
By Leman Zeynalova – Trend:
BP and PTT Public Limited Company (Thai state-owned SET-listed oil and gas company) entered into a sales and purchase agreement for liquefied natural gas (LNG), according to the message posted on BP’s website.
Under the agreement, BP will provide PTT with approximately 1 million tons of LNG per annum. The term of the agreement is 20 years. LNG supply will commence in 2017 and will be sourced from BP’s diverse portfolio of LNG, including the Freeport LNG Project in the US.
“Thailand has become a significant LNG market and this agreement with PTT further demonstrates our LNG supply capability in the region,” said Paul Reed, Chief Executive of BP Integrated Supply and Trading.
PTT Public Company Limited is listed on the Thai Stock Exchange. Its core businesses concern petroleum, petrochemicals, power generation and coal.
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