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
19 December 2024
Deepwater Development Conference welcomes Shell’s deepwater development manager to advisory board for March 2025 event
19 December 2024
The government must take the opportunity to harness the sector’s immense potential to support the long-term development of the UK’s low-carbon sector
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
