Long-term LNG Supply Deal between Venture Global and PTT PCL

planned

Negotiations are underway for a binding long-term liquefied natural gas (LNG) supply deal between U.S. LNG producer Venture Global and Thailand's state-controlled energy company PTT PCL. The talks have accelerated due to damage to Qatar's LNG export capacity caused by the U.S.-Israeli-led war on Iran. The deal typically would run for 15 or more years, aiming to diversify Thailand's LNG supply as it shifts from coal to LNG for electricity generation.