Thailand’s PTT in early talks with U.S. and other LNG developers for long-term 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, OilPrice.com reported on June 30, 2026. PTT is discussing with several developers, including Australia’s Woodside Energy, which is building the Louisiana LNG export plant that has received final regulatory approval.

Woodside is seeking firm long-term commitments for the plant, where buyer interest has increased following supply losses from the Middle East, Liz Westcott, chief executive officer at Woodside Energy, said last month. PTT aims to expand its LNG supply portfolio and considers the United States among other countries.

The company seeks to avoid costly spot LNG purchases during crises such as the current disruption in the Middle East.

Discussions about long-term U.S. LNG supply to Thailand have accelerated since the Iran war and the closure of the Strait of Hormuz disrupted Qatar’s shipments. Thailand has already committed to buy U.S.

Energy products, including LNG, crude oil, and ethane, under a reciprocal trade framework valued at an estimated $5.4 billion per year. PTT last year signed a cooperation agreement for strategic participation in the Alaska LNG project, including procurement of 2 million tonnes per annum of LNG over a 20-year term.

The $44-billion Alaska LNG project has not yet reached a final investment decision, though the Trump Administration is promoting it.