LNG purchases may ease trade imbalance with US

Energy authorities are working ona plan to buy more liquefied natural gas (LNG) from the US to help the government deal with the trade imbalance that led Washington to impose a high tariff on Thai exports.

- YUTHANA PRAIWAN

Buying more products from the US, including LNG, is among the measures expected to reduce the value of Thailand's trade surplus with America.

The country’s trade surplus with the US in 2024 was the 11th-largest globally at more than US$35 billion or 1.2 trillion baht.

“Officials are looking into whether Thailand will first import LNG from US companies drilling natural gas in the Middle East,’ said a source at the Energy Ministry who requested anonymity.