Thailand’s PTT to Buy LNG from Mozambique

Thailand’s PTT has signed a preliminary deal with Anadarko Petroleum Corp to buy 2.6 million tonnes per year of liquefied natural gas (LNG) from Mozambique, a senior company executive told news agency Reuters.

Anadarko Petroleum Corp operates Rovuma Offshore Area 1 in Mozambique.

PTT Exploration and Production, or PTTEP, is the flagship company of state-controlled PTT and has an 8.5 percent interest in the field, adds Reuters.

PTTEP is also in talks with Mozambique state officials about regulations on petroleum business in the South African country and is negotiating with owners of fields close to Area 1 about the possibility of cooperation, Tevin Vongvanich, CEO of PTT Exploration and Production Pcl told reporters late on Thursday, reports Reuters.

PTT previously said it was also in talks to buy LNG from producers in the United States and Australia.

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