Reuters
TotalEnergies and PTT will each receive 800,000 tonnes of LNG per year, with the French firm commencing a 10-year deal in 2025 and the Thai company taking supply for nine years beginning in 2026, the news agency said. Thailand, a net oil and gas importer, needs to increase imports of LNG to offset a steep production fall at its largest gas field and as sanctions threaten its supplies from Myanmar. Spikes in gas prices last year Thailand to search for alternative energy sources, ranging from coal to renewables, an official from the Energy Regulatory Commission said in October.