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Equinor signs long-term LNG agreement with Thailand's PTT Trading (updated)

UPDATE 2-Equinor signs long-term LNG agreement with Thailand's PTT Trading

Adds detail in paragraph 3

- Equinor EQNR.OL said on Friday it has signed a long-term agreement to supply liquefied natural gas (LNG) to Thailand's PTT Trading (PTTT).

"The agreement underlines the role of LNG in contributing to security of supply in a dynamic energy market," Equinor's senior vice president for gas and power, Helle Oestergaard Kristiansen, said in a statement.

Equinor said it already supplies crude oil and refined products to PTTT on a regular basis and aims to further develop the relationship through the LNG agreement.

The Norwegian company produces LNG at a plant in Arctic northern Norway and also buys LNG from US producer Cheniere for deliveries to its own customers, a business it is looking to expand.

Equinor said the commercial terms were confidential, and declined to comment on the duration and volume of the contract.


(Reporting by Nora Buli, editing by Terje Solsvik)

((terje.solsvik@thomsonreuters.com; +47 918 666 70))

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