LNG

Dec 30 (LNG) - BP of the UK and Thai energy company PTT have signed an LNG sales agreement. BP will sell PTT around 1 million tonnes per annum over a 20-year period. The shipments will start in 2017 and include cargoes from the US Freeport LNG export project at Quintana Island in Texas. “BP is pleased to conclude this LNG sale and purchase agreement with PTT, with whom we have a longstanding relationship,” said Paul Reed, Chief Executive of BP Integrated Supply and Trading. “Thailand has become a significant LNG market and this agreement with PTT further demonstrates our LNG supply capability in the region,” added Reed.