DUBAI - Qatargas said on Monday it signed a memorandum of understanding (MoU) with the Electricity Generating Authority of Thailand (EGAT) to explore joint opportunities in the liquefied natural gas (LNG) business.

The 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 includes the possibility of supplying LNG to Thailand, Qatargas said.

Qatar is the world's biggest supplier of LNG.

(Reporting by Rania El Gamal; editing by John Stonestreet) ((; +971 562 160 434; Reuters Messaging: ; Twitter: