Why is Thailand considering investments in US LNG projects?

Thailand is considering investments in US liquefied natural gas (LNG) export projects to shore up its energy security needs, as its LNG supply has been disrupted by the Iran war—which choked off Middle Eastern shipments and drove up prices—forcing Thailand to rely on expensive spot cargoes despite having a long-term contract with Qatar.

Which specific US LNG project is PTT PCL discussing investment in, and what is its expected timeline?

PTT PCL, Thailand’s state-owned energy company, is in early-stage discussions with Woodside Energy Group Ltd. regarding equity investment and long-term supply from Woodside’s Louisiana LNG facility; the project is currently under construction and aims to begin shipments in 2029.

Thailand Looks to Invest in US LNG Projects to Secure Supply

Jun 29, 2026

Thailand's PTT PCL is exploring investments in US LNG projects, including Woodside's Louisiana facility, to bolster energy security amid Middle East supply disruptions. This diversification aligns with plans to accelerate domestic LNG import infrastructure to meet rising electricity demand.

bloomberg

2026-06-29

Thailand Looks to Invest in US LNG Projects to Secure Supply

Thailand Looks to Invest in US LNG Projects to Secure Supply

FAQ