Cheniere signs Thai LNG supply agreement
State-owned PTT has inked its first US supply deal
US LNG exporter Cheniere continues to contract out supplies under long-term deals, with the latest being a 1mn t/yr SPA signed with Thailand’s state-owned PTT set to begin in 2026. Prices are indexed to the Henry Hub plus a fixed liquefaction fee. The LNG cargoes will be delivered on both a Fob and a Des basis. This is PTT’s “first direct LNG contract from a US producer”, says Cheniere CEO Jack Fusco. The Thai energy company has a target of “managing an LNG portfolio of 9mn t/yr by 2030”, says PTT president and CEO Auttapol Rerkpiboon, who adds that “by the end of this year, PTT’s LNG receiving terminals will [have a] regasification capacity of up to 19mn t/yr”. Cheniere has signed a spat

Also in this section
26 June 2025
ExxonMobil and Eni offer hope for projects as sector looks to get to grips with cost overruns and delays
26 June 2025
While oil prices will determine the trajectory of the key US shale patch, regulation and technological shifts are also likely to shape direction longer term
26 June 2025
Last year was one of records for renewables but also for oil, gas and coal, as the energy transition progresses in an increasingly uneven way, according to the Energy Institute’s latest annual report
25 June 2025
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years