Economy February 15, 2014 00:00

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Qatar topples Yemen as top LNG supplier to Thailand last year

Qatar replaced Yemen as Thailand’s biggest supplier of liquefied natural gas last year as the Southeast Asian country’s imports of the fuel rose 45 per cent. The average cost was 2.1 per cent higher than in 2012. 
State-owned PTT paid Bt37 billion for 1.41 million metric tonnes of LNG from Qatar, Nigeria, France, Equatorial Guinea and Egypt last year, according to data from the Customs Department. That’s equivalent to about US$16.45 (Bt) per million British thermal units, up from $16.10 in 2012, according to Bloomberg calculations. 
PTT, Southeast Asia s first company to import LNG, did not buy any cargoes from from Trinidad and Tobago, Peru and Yemen in 2013. The company owns and operates the Map Ta Phut terminal in Rayong, which has capacity of 5 million tonnes a year. 
PTT received a 91,475 tonne shipment from Qatar in December and paid 2.61 billion baht, or about $16.83 per million Btu. PTT in November bought four spot cargoes for delivery from December to March on an oil-linked price formula, according to two people with knowledge of the transaction. – Bloomberg
THAI Smile extends services deal, adding 9 leased Airbus aircraft to fleet 
THAI Smile, a subsidiary of THAI Airways International and Airbus, has extended its existing 15-year “Flight Hour Services – Tailored Support” (FHS-TSP) contract, adding nine additional leased A320 aircraft to cover its entire fleet of 20 A320 aircraft. 
The contract provides an extensive scope of A320 line replaceable units (LRUs), guaranteed spare parts availability through Pool access service, and on-site stock at THAI Smile’s main base and selected outstations, repair services and logistics services.
The firm said the extension re-affirms THAI Airways International’s confidence in Airbus’ Flight Hour Services, a year after signing the original A320 FHS agreement with Airbus, and less than two years after signing an FHS-TSP contract for its A380s. It also reinforces Airbus’ FHS strategy to grow in the single-aisle market as well as in the wide-body sector. – The Nation
FAO to host conference in Mongolia on vital issues among Asia-Pacific members   
The Food and Agriculture Organisation of the United Nations (FAO) has announced it will convene a Regional Conference for Asia and the Pacific in Ulan Bator, Mongolia on March 10-14.
Hosted by the government of Mongolia, the conference will attract government ministers and high-level delegates from some 46 member countries in Asia and the Pacific. The 32nd FAO Regional Conference for Asia and the Pacific (APRC) will cover a number of issues vital to the well-being of farmers, fishers, foresters, businesses, the environment and, of course, consumers of food and agricultural products in the world’s most populous region.
The delegates will focus their discussions on the state of food and agriculture in Asia-Pacific and progress made in meeting the Millennium Development Goal of reducing hunger by half. They will also examine ways and means to restore grasslands and forests, the introduction of greener agricultural practices across the region and improvements in food security in Pacific Island Countries. Improved nutrition will also be a major topic of discussion.
The first three days of the APRC (March 10-12) will be attended by senior government officials. Government ministers and high-level participants will arrive on March 12 for a two-day ministerial segment (March 13-14). FAO director-general Jose Graziano da Silva will also travel to Mongolia to participate in the conference.
A round table discussion on the double burden of malnutrition will be held on the final day, moderated by a well-known BBC television presenter. – The Nation