Asian LNG Buyers Shift to U.S. Suppliers Amid Iran Risks
Asian energy buyers are negotiating long-term liquefied natural gas contracts with U.S. suppliers to avoid potential Middle East disruptions caused by conflict in Iran.
Liquefied natural gas buyers from Thailand, Pakistan, and Bangladesh are negotiating long-term contracts with United States suppliers to hedge against potential disruptions in the Strait of Hormuz. These negotiations, highlighted during the Gastech conference in Bangkok, signal a strategic shift away from Middle Eastern energy sources to mitigate risks associated with potential war in Iran.
China Gas Holdings Ltd. also expanded its U.S. energy ties by signing a sales agreement with U.S. exporter Venture Global Inc. This deal, which schedules deliveries to begin in 2030, occurred despite ongoing geopolitical tensions between Washington and Beijing.
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