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Thai firms chase LNG deals as worldwide prices decline
Bangkok Post
|February 10, 2026
Thailand’s leading energy companies are moving to lock in long-term liquefied natural gas (LNG) contracts as global prices are forecast to decline, in abid to shield consumers from volatile electricity bills.
An LNG receiving terminal in Map Ta Phut, Rayong.
National oil and gas conglomerate PTT Plc, the state-owned Electricity Generating Authority of Thailand (Egat) and SET-listed Gulf Energy Development Plc are among the firms pursuing agreements that will secure LNG supplies for years to come.
Officials say the next few years will be critical as a surge in global LNG supply is expected to drive prices down.
Gas remains a key fuel for Thailand’s power generation, but domestic supply is shrinking.
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