Thai PTT says LNG cooperation with Tokyo Gas on hold

BANGKOK, June 22 Wed Jun 22, 2011 2:01am EDT

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BANGKOK, June 22 (Reuters) - Thailand's PTT PCL said on Wednesday it was suspending a plan to cooperate with Japan's top city gas distributor, Tokyo Gas Co , on the supply of liquefied natural gas (LNG) and related logistical issues.

"We have to put the cooperation plan on hold because Tokyo Gas has to solve its problems at home as a result of the quake," Chief Executive Prasert Bunsumpunin told reporters.

State-controlled PTT would seek cooperation with LNG suppliers in other countries in a bid to secure gas supplies to feed growing demand in Thailand.

In July 2010, PTT said it was in talks about cooperating with Tokyo Gas as that would help boost buying volume and facilitate imports to Thailand.

However, top LNG importer Japan is now battling to minimise power shortages in the aftermath of the devastating earthquake and tsunami that hit the country on March 11.

(Reporting by Khettiya Jittapong; Editing by Alan Raybould)

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