Qatargas announced signing a memorandum of understanding (MoU) with the Electricity Generating Authority of Thailand (EGAT) for Liquid Natural Gas (LNG) cooperation, Reuters reported.
The two 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 included the possibility for Qatargas to supply LNG to Thailand.
Qatar is the world’s largest exporter of LNG reaching 77.2 million metric tons in 2016, 29,9% of the global total. Australia and Malaysia occupy second place with 44.3 mmt, exported in 2016 and third place exporting 25 mmt in the same year, respectively, according to The Motley Fool.