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According to a statement by Taiwan’s energy ministry, Energy Minister Auttapol Rerkpiboon and senior officials from PTT held a meeting with Anatol Feygin, Cheniere’s executive VP and chief commercial officer, on Friday.
The statement said that Thailand is interested in increasing LNG volumes delivered to the country under the SPA with Cheniere from 1 million tonnes per year to 1.3 million tonnes per year.
The aim is to strengthen energy security for the remaining 15 years of the contract through 2041.
Moreover, the parties also discussed bringing forward delivery schedules for some LNG cargoes from the third quarter of 2026 to the second quarter to help reduce the impact from the Middle East situation if hostilities persist.
Cheniere agreed to expedite the process as much as possible, the statement said.
Thailand’s Energy Regulatory Commission recently approved the purchase of three spot LNG cargoes for delivery in March and April to safeguard electricity system stability amid Middle East tensions.
Thailand currently imports LNG via two import terminals operated by PTT.
These terminals include the first Map Ta Put LNG terminal (LMPT 1) with a capacity of 11.5 mtpa and the second Map Ta Phut LMPT2 LNG terminal, also known as the Nong Fab LNG terminal, with a capacity of 7.5 mtpa.
In January this year, PTT received its first LNG cargo under the long-term deal with Cheniere at the first Map Ta Put LNG terminal.
The 180,000-cbm GasLog Wellington, which is on charter with Cheniere, delivered the cargo from Cheniere’s Sabine Pass LNG terminal in Louisiana.
PTT and Cheniere announced this SPA in July 2022.
The SPA calls for a combination of free-on-board (FOB) and delivered ex-ship (DES) deliveries.
Also, the Henry Hub-indexed deal includes a fixed liquefaction fee.
