Oman LNG signs deals with TotalEnergies, Thailand’s PTT

Jan 18 (Reuters) – Oman LNG has agreed to supply up to 1.6 million metric tonnes of liquefied natural gas (LNG) to France’s TotalEnergies (TTEF.PA) and Thai state-owned firm PTT Pcl (PTTEP.BK), the Omani state news agency reported on Wednesday.

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.

Global gas prices rose to record levels in 2022 as Russia’s supply cuts…