US and Thailand Speed LNG Talks After Qatar Export Damage
Venture Global and Thailand state energy firm PTT are negotiating long-term supply deals as war-related damage to Qatar infrastructure reduces global capacity. Thailand seeks to diversify energy sources while repairs to Qatari facilities are expected to take several years.
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United States and Thailand are accelerating talks for a long-term Natural Gas supply deal in response to the war on Iran affecting LNG exports from Qatar. Negotiations between VENTURE GLOBAL INC-CL A and PTT PCL intensified after strikes by Iran resulted in LNG production damage to Qatar infrastructure, cutting global supply. Securing non-Middle Eastern energy sources is critical as regional conflict threatens 17% of the world's second-largest exporter's capacity.
