Thailand is aiming to secure long-term LNG supply contracts from global LNG suppliers based on different price benchmarks to diversify supply.  

The country plans to buy 50% of its liquefied natural gas via term contracts and the remaining 50% from the spot market, PTT Public Co. Ltd.’s M. L. Peekthong Thongyai, senior vice president, said at the Gastech conference in Singapore, according to reports.

Thailand is interested in buying LNG from the United States at prices linked to Henry Hub. It’s also interested in cargoes from the Middle East at prices linked to Brent crude, or through buying volumes on the spot market tied to the Japan-Korea Marker, Peekthong reportedly said.

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