Qatargas signed a memorandum of understanding (MoU) with the Electricity Generating Authority of Thailand (EGAT) to cooperate in the LNG business.
Under the terms of the MoU, the parties will jointly identify and evaluate best practices in the LNG industry, and share knowledge in LNG procurement, transportation, and floating storage and regasification units (FSRU).
In addition, the MoU includes a scope for the possible supply of LNG to Thailand, Qatargas said on Monday.
Saad Sherida Al-Kaabi , president and CEO of Qatar Petroleum, and Qatargas chairman said it aims to “identify and evaluate future opportunities to supply EGAT with Qatari LNG.”
Khalid Bin Khalifa Al-Thani , CEO of Qatargas added that a long-term LNG supply deal is on the cards once the pair identifies suitable LNG solutions for EGAT’s business needs.
As part of the agreement, a committee of representatives from both companies will be formed to execute the terms of the MoU.