PTT International Trading signs contract to purchase LNG from Oman [Yahoo! Finance]
PTT EXPLRTN&PRDTN PLC ADR (PEXNY)
NASDAQ:AMEX Investor Relations:
pttep.com
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Source: Yahoo! Finance
PTT senior executive vice-president for international business Pongpun Amornvivat did not disclose the purchase price of the LNG, the report said. However, he emphasised the significance of the deal in fostering the growth of Thailand's LNG market and establishing the country as a trading hub within the ASEAN region. The agreement, which is expected to bolster PTT's capabilities in international trade, was formalised at a signing ceremony attended by Pongpun Amornvivat and Oman LNG's chief executive, Hamed Al Naamany. Citing media sources, the publication reported that PTT is also negotiating with Oman LNG for an additional 800,000t per year over a nine-year period starting in 2026. PTT is reported to have played a key role in securing Thailand's energy resources, especially during the suspension of operations at the Erawan gas field in the Gulf of Thailand. The halt in production was due to a legal dispute following the expiration of Chevron's concession in 2022. PTT Exp
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