BP has entered into a 20 year sales and purchase agreement for liquefied natural gas (LNG) with Thailand’s PTT.
BP will provide PTT with about 1 million tonnes of LNG a year starting in 2017.
Paul Reed, chief executive of BP integrated supply and trading, said: “BP is pleased to conclude this LNG sale and purchase agreement with PTT, with whom we have a longstanding relationship.
“Thailand has become a significant LNG market and this agreement with PTT further demonstrates our LNG supply capability in the region.”
The commercial terms of the agreement were not disclosed.