Qatargas Operating Company Limited (Qatargas) and the Electricity Generating Authority of Thailand (EGAT) have inked a memorandum of understanding (MoU) in order to “explore collaborative efforts in the LNG business”.
Under the terms of the MoU, the parties intend to jointly identify and evaluate best practices in the LNG industry, particularly in the sharing of knowledge and expertise in procurement of LNG, LNG transportation, and floating storage and regasification units (FSRU).
In addition, the MoU includes a scope for the possible supply of LNG to Thailand.
“We look forward to working with EGAT to identify and evaluate future opportunities to supply EGAT with Qatari LNG,” Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum, and Chairman of the Qatargas Board of Directors, said.
“I would like to convey our deep commitment to working with EGAT and identifying world-class LNG solutions which meet their business needs. Once identified, we look forward to the prospect of building a long-term supply relationship with EGAT,” Khalid Bin Khalifa Al-Thani, Chief Executive Officer at Qatargas, noted.
“EGAT is pleased to collaborate with Qatargas…We look forward to learning from their expertise and developing best business solution together,” Kornrasit Pakchotanon, Governor, EGAT, commented.
As part of the MoU, a committee of representatives from both companies will be formed to execute the terms of the agreement, according to Qatargas.