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Under the sales and purchase deal, Eni agreed to sell 0.8 million tons per annum (mtpa) of LNG for 15 years to Gulf, one of Thailand’s largest private power producers.
Gulf said in a statement that it will import and supply LNG to its power plants within the group.
The Thai company expects to start receiving LNG supplies on January 1, 2028.
Gulf noted that this strategic partnership aims to strengthen Thailand’s energy supply chain and ensure long-term stability for the nation’s power sector.
“This collaboration emphasizes Gulf’s proactive strategy to diversify its natural gas sources, aligning with Thailand’s national energy management plan, which prioritizes price stability and security of supply to support the country’s continuous economic growth,” the company said.
Partnering with Engie, Gulf gains access to “flexible and efficient” gas resources, it added.
Gulf boosting LNG portfolio
Before this deal, Gulf signed a similar agreement with Italian energy firm Eni.
Under this SPA, Eni agreed to sell 0.8 mtpa of LNG for 10 years to Gulf.
In Thailand, Gulf and PTT Tank Terminal, a unit of PTT, expect to launch commercial operations at their LNG terminal in Map Ta Phut, Thailand’s third such facility, in the first quarter of 2029.
Gulf currently holds licenses for the importation of LNG totaling 7.8 mtpa, to be used as fuel for Gulf PD, Gulf SRC, and Hin Kong power plants.
Last year, Gulf and Ratch launched the second gas-fueled unit at their Hin Kong power plant.
