(MENAFN - The Peninsula) The Peninsula / Agencies
Doha: Qatargas said on Monday it signed a memorandum of understanding (MoU) with the Electricity Generating Authority of Thailand (EGAT) to explore joint opportunities in the liquefied natural gas (LNG) business.
The parties would "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)," Qatargas said in a statement.
The MoU also includes the possibility of supplying LNG to Thailand, Qatargas said.
Commenting on the occasion, Saad Sherida Al-Kaabi, President and CEO of Qatar Petroleum, and Chairman of the Qatargas Board of Directors, said: 'Qatargas has a rich history of collaborating with world-class organisations, and we look forward to working with EGAT to identify and evaluate future opportunities to supply EGAT with Qatari LNG.
Khalid Bin Khalifa Al-Thani, Chief Executive Officer, Qatargas, said: 'As a unique global energy operator in terms of size, service and reliability, Qatargas is very pleased to announce this MoU with EGAT. On behalf of the team, 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.
Kornrasit Pakchotanon, Governor, EGAT, said: 'EGAT is pleased to collaborate with Qatargas, the world leading LNG supplier with strong technology and industry knowledge. We look forward to learning from their expertise and developing best business solution together.