Thailand's PTT signs LNG cooperation deal with Korea Gas

BANGKOK: Thailand's largest energy firm PTT Pcl said on Tuesday it has signed an agreement with South Korea's Korea Gas Corp to cooperate in their liquefied natural gas (LNG) business.

The cooperation will include seeking investment opportunity in LNG supply chain and securing LNG supply, Noppadol Pinsupa, senior executive vice-president for PTT's gas business unit, told reporters.

Korea Gas and PTT are among top LNG buyers in Asia.

State-controlled PTT has considered to buy LNG from spot market and may delay its plans for long-term LNG purchases due to the availability of cheaper spot supplies.