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 plant in the United States, according to Bloomberg’s sources.
Woodside is looking to secure firm long-term commitments for its newly-approved Louisiana LNG plant.
Buyer interest in volumes from Louisiana LNG has recently increased following the shock supply loss from the Middle East, Liz Westcott, chief executive officer at Woodside Energy, told Bloomberg Television last month.
PTT aims to expand its LNG supply portfolio and the U.S.is just one of the countries it is considering, the Thai company told Bloomberg in a statement.
The sudden halt of LNG flows from the Middle East has prompted Asian buyers, including the top LNG importer in Southeast Asia, Thailand, to seek long-term solutions to secure supply from sources not needing the Strait of Hormuz.
Discussions about the long-term supply of U.S. LNG to Thailand have accelerated since the Iran war and the closed Strait of Hormuz disrupted Qatar’s shipments, sources with knowledge of the talks told Reuters last month.
Thailand has already committed to buy U.S. energy products, including LNG.
In October 2025, the U.S. and Thailand agreed on a reciprocal trade framework, under which the Asian nation pledged to buy U.S. energy products, including LNG, crude oil, and ethane, with an estimated value of $5.4 billion per year.
Thailand is also tentatively lining up for the future Alaska LNG project, which the Trump Administration is strongly promoting and supporting to move forward, including during meetings with top Asian officials last year.
No final investment decision has been made on the $44-billion Alaska LNG project yet.
But Thailand’s PTT last year signed a cooperation agreement for strategic participation in the project, including for the procurement of 2 million tonnes per annum of LNG from Alaska LNG over a 20-year term.
By Charles Kennedy for Oilprice.com
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