* EGAT had asked for up to 1.5 mln T/year of LNG from 2019
* Price likely at 11%-12% of Brent crude oil price -source
* Contract could be delayed as talks still ongoing -sources
By Jessica Jaganathan and Chayut Setboonsarng
SINGAPORE/BANGKOK, June 6 (Reuters) - Malaysia's state oiland gas company Petronas has been selected to supplyThailand's state-run Electricity Generating Authority ofThailand its first liquefied natural gas (LNG)imports, a company spokesman told Reuters on Thursday.
Petronas has been selected out of 12 short-listed companiesthat also included Qatargas, Royal Dutch Shell, ChevronCorp, Total SA and Japan's Marubeni Corp.
Petronas and EGAT are still negotiating the terms of thecontract, and EGAT is negotiating how much it will payThailand's PTT, an EGAT spokesman said.
EGAT currently buys gas from a state-owned unit of PTT Pcl. PTT and its subsidiary are Thailand's sole gassupplier and LNG importer.
Petronas officials could not be reached for comment due to apublic holiday on Thursday.
The contract terms being negotiated could not be confirmed,but one source familiar with the discussions said price levelsare in line with the market, at between 11% and 12% of Brentcrude oil prices.
Thailand's largest power producer, EGAT, had expected tofinalise purchase agreements by June and begin LNG shipments bySeptember, a company official said in April.
But this could be delayed pending a final decision by theThai government, three industry sources told Reuters.
"The government has raised the issue of take-or-pay and hasquestioned EGAT what it can do if it cannot take the contractedvolumes," one of the sources said.
The EGAT spokesman declined to comment on the matter.
EGAT was initially asking for up to 1.5 million tonnes peryear of LNG via Thailand's existing Map Ta Phut LNG receivingterminal in the eastern part of the country, to start from March2019 for a period of four to eight years.
EGAT's imports are part of a government plan to boostcompetition in Thailand's power sector.(Reporting by Jessica Jaganathan in SINGAPORE and ChayutSetboonsarng in BANGKOK; Editing by Tom Hogue)