.jpg)
1 hour ago
3
Article content
(Bloomberg) — Thailand is considering investments in US liquefied natural gas export projects, according to people familiar with the matter, as the Southeast Asian importer of the fuel looks to shore up its energy security needs.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
State-owned PTT PCL is in discussions with developers for equity and supply on a long-term basis, including with Woodside Energy Group Ltd. about its Louisiana LNG facility, said the people, asking to not be identified because the matter is confidential. Talks are still in the early stages, they added.
Article content
Article content
Article content
The US is just one of the countries where PTT is looking for opportunities to expand its LNG portfolio, the company said in a statement to Bloomberg News, without elaborating. Woodside declined to comment.
Article content
By signing up you consent to receive the above newsletter from Postmedia Network Inc.
Article content
Several leading Asian importers including Thailand have seen their LNG supply upended by the Iran war, which has choked off shipments from the Middle East and driven up prices. The Southeast Asian nation has a long-term contract with Qatar, but has been forced to take expensive spot cargoes to meet demand.
Article content
Efforts to diversify supply away from the Middle East following the war have prompted growing interest in Woodside’s Louisiana LNG plant, Chief Executive Officer Liz Westcott said in May. The goal for the project, which is currently under construction, is to begin shipments in 2029.
Article content
Separately, the Thai government is planning to accelerate investments in LNG import infrastructure, with the construction of new data centers expected to significantly increase electricity demand, Energy Ministry Permanent Secretary Prasert Sinsukprasert told reporters earlier this month.
Article content
—With assistance from Suttinee Yuvejwattana.
Article content
Advertisement 1
English (US)