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Thai gas exploration company gets a big win in Africa

French utility agrees to buy an annual 1.2m tons of LNG for 15 years

This rig in the Gulf of Thailand is operated by state-owned PTT Exploration and Production.

BANGKOK -- Thailand's PTT Exploration & Production and its partners in a Mozambique liquefied natural gas processing plant have signed a 15-year agreement to sell LNG to a French power company.

It is the first time that the partners have secured a deal that will give them long-term revenue from the Mozambique Rovuma Offshore Area 1 project.

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