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Market Chatter: LNG Buyers Diversify Supplies, Routes Amid Gulf Disruptions

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LNG importers are reassessing supply strategies as disruptions to Gulf cargoes push buyers toward alternative producers, with potential supplies ranging from West Africa to Indonesia and companies seeking stakes in gas projects to broaden supply, Reuters reported Monday, citing officials and industry executives at the Gastech conference.

Thailand PTT's chief operating officer, Bandhit Thamprajamchit, highlighted plans to source LNG from Oman, North America and West Africa, while Bangladesh's power minister also highlighted efforts to turn to Indonesia, Australia and China, the report said.

Governments are also looking to diversify supply routes alongside suppliers, said Sue-Ern Tan, head of the International Energy Agency's regional cooperation center in Singapore.

Bangladesh's Ministry of Power, Energy and Mineral Resources, PTT and IEA did not immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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