Kongkrapan, CEO of PTT, indicated that natural gas will remain the primary fuel supporting the global energy transition for the next 20-30 years, and the company is moving forward with diversifying its supply sources to mitigate geopolitical risks.

Asian spot LNG prices surged to $23.388 per million BTU, more than double pre-war levels, after Qatar extended its force majeure declaration for LNG deliveries.

PTT is strategizing to cope with volatility by diversifying energy sources, increasing flexibility throughout the supply chain, and seeking investment opportunities from changing circumstances.

The Ministry of Energy is prepared to cope with high volatility in oil and LNG prices, emphasizing that Thailand has sufficient reserves for 101 days and is continuously preparing measures to reduce the burden of living costs.

Pakistan has launched an urgent LNG procurement auction after fighting in the Strait of Hormuz disrupted energy transportation and LNG tankers from Qatar canceled deliveries.

Pakistan is importing LNG for the second time through the Strait of Hormuz after negotiations with Iran allowed ships to pass through the channel, amid the Asian energy crisis.

Qatar has ordered LNG ships at its main export port, Ras Laffan, to disable their tracking signals for security reasons following the escalation of tensions in the Middle East and the Persian Gulf.

Another Qatari LNG ship has breached Tropical Depression after Pakistan negotiated with Iran to allow energy passage, following previous attempts to turn back or be attacked amid the global energy crisis.

Qatar successfully exported LNG via Hormuz for the first time since the outbreak of the Iran-Iran conflict, reflecting an early sign that a key global energy route may be partially reopening.

The Middle East conflict is driving up global LNG prices, while the United States faces a gas surplus and plummeting prices due to infrastructure bottlenecks hindering exports.