LNG in World Markets: New Thai Buyers Take Short-Term LNG Supply
This current feature was extracted from the latest edition of Poten’s LNG in World Markets, a monthly service published on September 29, 2023.
New Thai LNG buyers – the Electricity Generating Authority of Thailand (EGAT) and Hin Kong Power – have signed sale and purchase agreements (SPAs) for short-term supply delivering between 2024 and 2026.
The country has plans to liberalize its gas markets and has issued LNG import licenses and quotas to multiple firms. State-run energy company PTT is Thailand’s primary LNG buyer. Hurdles to liberalization, however, remain.
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