SINGAPORE/LONDON : Thailand's largest energy company, state-controlled PTT, is in advanced talks with Qatar for a 15-year liquefied natural gas supply deal, four trading sources told Reuters.
A fifth industry source said that both companies are in"serious negotiations", but added that a deal isn't expected before the end of summer.Qatar is the world's top LNG exporter and competition for LNG has ramped up since the beginning of the war last year in Ukraine, with Europe in particular needing vast amounts to help replace piped gas from Russia that previously made up almost 40 per cent of the continent's imports.
The Gulf energy giant has been in negotiations with several other Asian buyers this year and has so far signed three LNG supply deals with Asian buyers, with more expected later this year.