Thailand seals 15-year LNG deal with Malaysia's Petronas

PTT will buy 1.2m tonnes of LNG from 2019 onwards.

Reuters reported that Thailand's energy policy committee has approved a proposal for state-owned PTT Pcl to buy liquefied natural gas (LNG) from Malaysia's Petronas over a 15-year period, a senior energy ministry official said on Thursday.

PTT will buy 1 million tonnes of LNG per year from Petronas in 2017 and 2018, and 1.2 million tonnes from 2019 onwards, the committee said in a statement.

View the full report here.