Nod for PTT’s 15-year LNG deal with Petronas

BANGKOK: 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.

PTT would buy one 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.