Inpex, Kyushu Electric, PTT’s unit sign LNG cooperation deal

Japan’s Inpex and Kyushu Electric are joining forces with Thailand’s PTT International Trading to work on optimizing their LNG trade.

The three firms have signed a memorandum of understanding on October 19, according to statements by Inpex and Kyushu Electric.

Under the memorandum, the partners have agreed to cooperate in optimizing each company’s LNG operations to ensure their supplies during emergencies, such as during the winter peak season.

This includes jointly operating their vessels, collaboration in LNG trading, and overseas business development related to LNG, according to the statements.

Inpex and Kyushu did not provide any additional information.

Platts reported, citing an Inpex spokesperson, that the partners have agreed to jointly consider spot cargo procurements and swap cargoes, as well as using LNG reload and storage facilities in Japan and Thailand to optimize their LNG stocks during emergencies.

The companies would also look at accepting partners’ LNG cargoes at their import terminals for swaps and reloads, the agency said.

Most Popular

Venture Global, Petronas seal 20-year LNG SPA

US LNG exporter Venture Global LNG has signed a 20-year LNG supply contract with Malaysian energy giant Petronas for volumes from the CP2 project in Louisiana.

Delfin inks new deals for US FLNG project, eyes FID later this year

Delfin Midstream, the US developer of a floating LNG export project offshore Louisiana, is moving forward with the project by signing new deals with Siemens Energy, Samsung Heavy, and Black & Veatch.

Golden Pass LNG seeks re-export approval

Golden Pass LNG, a joint venture owned by energy giants QatarEnergy and ExxonMobil, is seeking approval from the US DOE to export previously imported LNG from October, as it nears the launch of the first liquefaction train.

More News Like This

Posco E&C secures contract for Thailand’s third LNG terminal

Posco E&C, a unit of South Korea’s top steel producer Posco, has secured a contract from Gulf Development for Thailand's third LNG import terminal.

Thailand’s PTT to supply LNG to Centrica

Thailand's PTT has signed a heads of agreement to supply a unit of UK-based energy firm Centrica with liquefied natural gas (LNG) in Asia.

Gulf: Thailand’s third LNG terminal to launch commercial ops in 2029

Thailand’s Gulf and PTT Tank Terminal, a unit of PTT, expect to launch commercial operations at their LNG terminal in Map Ta Phut, Thailand's third such facility, in the first quarter of 2029.

Thailand’s PTT, Glenfarne ink Alaska LNG cooperation deal

US energy firm Glenfarne has signed a cooperation agreement with Thailand's PTT for participation in the Alaska LNG project, including PTT's purchase of LNG over a 20-year term.