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Thailand Looks to Buy Into U.S. LNG Export Projects to Secure Supply
Thailand’s state-owned oil and gas firm PTT is in early-stage talks with developers of U.S. LNG export projects to invest in facilities and secure long-term supply, anonymous sources with knowledge of the matter told Bloomberg on Tuesday.
AI Summary
Thailand's state-owned oil and gas firm PTT is exploring investment opportunities in U.S. liquefied natural gas (LNG) export projects. PTT is in early-stage talks with U.S. LNG project developers to secure long-term supply agreements. This move aims to reduce Thailand's reliance on costly spot LNG purchases during times of crisis. The talks are still in their initial stages, with no further details available on potential investment amounts or project specifics.
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