Cheniere Inks Long-term LNG Supply Deal with Thailand’s PTT

Cheniere affiliate, Corpus Christi Liquefaction LLC, signed a 20-year SPA with Thailand state-owned PTT, which developed, owns and operates Thailand’s first LNG import terminal.

Pietro
Pitts
Hart Energy
Cheniere Inks Long-term LNG Supply Deal with Thailand’s PTT

The deal is the first direct LNG contract from a U.S. LNG producer for PTT Global, subsidiary of PTT Public charged with pursuing oversea investment opportunities in LNG value chain, according to Cheniere Energy President and CEO Jack Fusco. Pictured, logo of PTT Public Co. Ltd. (Source: Hi-Point / Shutterstock.com)

Cheniere Energy Inc. signed its second long-term LNG sales and purchase agreement in the past week on July 26, this time with Thailand’s largest state-owned company PTT Public Co. Ltd.

“This is the first direct LNG contract from a U.S. LNG producer for PTT Global,” Cheniere President and CEO Jack Fusco said July 26 in a press statement.

Houston-based Cheniere Energy entered the long-term LNG sales and purchase agreement with PTT Global LNG Co. Ltd., a subsidiary of PTT Public, for 1 million tonnes per annum (mtpa) of supply starting in 2026 and spanning 20 years. The deal follows a similar one recently signed with PetroChina Co. and allows Cheniere to provide critical gas supply to clients in Asia seeking to secure LNG amid rising demand for the energy source as global economies shift from oil and coal to cleaner energy alternatives.

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Pietro Pitts

Pietro Donatello Pitts is a senior energy reporter for Hart Energy. He covers Latin America and the Caribbean as well as regions from North America to Europe, Africa and Asia. He covers topics spanning from the upstream, midstream and downstream sectors to the energy transition and geopolitical events impacting the global energy sector.

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