US exporter Cheniere has signed a deal with Thailand’s state-owned PTT
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
29 May 2025
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
29 May 2025
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy
28 May 2025
The country may have the resources, but sanctions and a lack of market access make its gas ambitions look very questionable
28 May 2025
Saudi Arabia and US relations can construct a new ‘field of dreams’, but opportunism may be the new rules of the game
