• Most Popular
  • Most Shared

Thai PTT may import 1 mln tonnes of LNG from Tangguh

Thu May 1, 2008 11:15pm EDT

BANGKOK, May 2 (Reuters) - PTT PCL PTT.BK, Thailand's top oil and gas firm, said on Friday it was in talks with Indonesia's Tangguh about importing one million tonnes of liquefied natural gas (LNG) in 2011 or 2012.

The energy giant, which does not now import LNG, said it expected to finalise the purchase plan shortly, PTT official Chitrapongse Kwangsukstith told Reuters.

"We're still working on the details but we should be able to finalise whether to buy it soon," Chitrapongse, chief operating officer of PTT's upstream and gas operations, told Reuters.

He declined to give a timeframe, although he said Thailand would hopefully be able to start importing in 2011 or 2012.

PTT has already signed a deal to import 1 million tonnes of LNG per year from Qatar, starting in 2011, and has said it was dealing with other LNG suppliers.

PTT was also building a $700 million LNG terminal at Map Tha Put in the eastern Thai province of Rayong which was expected to come into operation in 2011. ($1=31.65 Baht) (Reporting by Ploy Chitsomboon; Editing by Ed Cropley and Louise Heavens)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article