LBCI

Oman LNG signs deals with TotalEnergies, Thailand's PTT

Variety

18-01-2023 | 08:25

Share

Share

Oman LNG signs deals with TotalEnergies, Thailand's PTT

2^min

Oman LNG has agreed to supply up to 1.6 million metric tons 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 tons 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 placed enormous strain on the European and global markets.

High wholesale gas prices prompted the European Union to import record amounts of LNG, drawing in volumes from top importing region Asia and causing Asian spot LNG prices to also hit historic levels last year.

Oman LNG last month inked deals with top Japanese electricity generator JERA, and trading houses Mitsui & Co (8031.T) and Itochu Corp (8001.T), to supply 2.35 million tons of LNG per year, starting in 2025, for up to 10 years.

Middle East

Oman

TotalEnergies

Thailand

PTT

Agreement

Deal

Supply

Imports

Coal

Renewables

Energy

Global

Markets

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Journalist Zeinab Faraj undergoes head surgery, condition stabilizes in southern Lebanon

2026-04-22

Journalist Zeinab Faraj undergoes head surgery, condition stabilizes in southern Lebanon

Rig explosion in Venezuela leaves at least 8 workers injured: source Reuters

2026-06-29

Rig explosion in Venezuela leaves at least 8 workers injured: source Reuters

Iran reopens main airports in capital Tehran: Aviation authority

Middle East News

2026-04-20

Iran reopens main airports in capital Tehran: Aviation authority

Azerbaijan summons Iran envoy after drone strikes

2026-03-05

Azerbaijan summons Iran envoy after drone strikes

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

Rain in August? Sudden weather shift surprises Lebanon: Video

1

Rain in August? Sudden weather shift surprises Lebanon: Video

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

2

LBCI sources: Lebanon to hand former Syrian General Adel Issa to Syrian judiciary

Walla: Israeli military strikes Ali al-Taher heights in southern Lebanon

3

Walla: Israeli military strikes Ali al-Taher heights in southern Lebanon

Wanted for war crimes: Why was retired Syrian Gen. Adel Issa detained in Beirut?

4

Wanted for war crimes: Why was retired Syrian Gen. Adel Issa detained in Beirut?

Diplomacy vs. escalation: Southern Lebanon enters a critical new phase

5

Diplomacy vs. escalation: Southern Lebanon enters a critical new phase

Waste crisis or new tax? Lebanon’s environmental fee raises questions

6

Waste crisis or new tax? Lebanon’s environmental fee raises questions

Human Rights Watch urges UN to maintain peacekeeping force in South Lebanon

7

Human Rights Watch urges UN to maintain peacekeeping force in South Lebanon

Six killed, two injured in airstrike in southern Lebanon as displacement reported in Nabatieh

8

Six killed, two injured in airstrike in southern Lebanon as displacement reported in Nabatieh

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More