Regional LNG: Petronas delivers first LNG cargo to Thailand

By Romel S. Gurky

Malaysia?s Petronas announced Friday its first delivery of liquefied natural gas (LNG) cargo to Thailand under a long-term Sale and Purchase Agreement (SPA) signed between its subsidiary Petronas LNG Ltd (PLL) and PTT Public Company Limited (PTT).

Petronas said in a statement the cargo was delivered on July 20 to the Map Ta Phut Terminal at Rayong on the east coast of the Gulf of Thailand from the Petronas LNG Complex in Bintulu, Sarawak via LNG vessel Puteri Intan Satu owned and operated by Petronas? subsidiary MISC Bhd.

PLL is committed to deliver up to 1.2 million tons per annum (MTPA) of LNG to PTT for a period of 15 years, the statement said.

Petronas Vice President of LNG Marketing & Trading, Ahmad Adly Alias said, ?Petronas LNG has come a long way since our first LNG delivery in 1983. Today, we are delighted to witness another successful delivery at the start of a new long-term partnership with our neighbor PTT.

?Over the years, we have built our capacity to a combined 34 MTPA. The LNG under this SPA will be sourced globally from Petronas? portfolio of supply,? he added.

Petronas has been supplying piped natural gas to Thailand from its Yetagun project in Myanmar, as well as from the Thailand?Malaysia Joint Development Area in the Gulf of Thailand. With the strong relationship between the two companies, PTT and Petronas are exploring further opportunities to collaborate in LNG and natural gas value chain.

Editing by Reiner Simanjuntak