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. Thailand looks to secure long-term supply to avoid costly spot LNG purchases during crises such as the current disruption in the Middle East. PTT is talking to several developers, including Australia’s Woodside Energy, which is building the Louisiana LNG export