Gunvor seals LNG supply deal with Thailand’s Hin Kong Power

A unit of Geneva-based energy and LNG trader Gunvor has signed a term LNG supply deal with Hin Kong Power, a joint venture owned by Gulf Energy Development and Ratch Group.

Under the deal, Gunvor Singapore will supply HKH with about 0.5 million tons per year of LNG on a DES basis.

The LNG supplies will satisfy HKH’s LNG/gas demand in Thailand, Gunvor said in emailed statement.

Gunvor did not provide any additional details.

Back in 2020, Gulf Energy Development secured licences from the government of Thailand to import LNG as part of its plans to reduce power prices in the country.

The company’s JV with Ratch Hin Kong Power won a license to import 1.4 mtpa of LNG to supply a power plant with capacity of 1,400 megawatts, located in Hin Kong subdistrict.

In addition, Gulf Energy Development and PTT Tank Terminal, a unit of PTT, are developing an LNG import terminal in Map Ta Phut with a capacity of 10.8 million tonnes per annum.​​

Earlier this year, Saipem and its partner CTCI completed PTT’s Nong Fab LNG import plant in Thailand, the country’s second such facility.

This 7.5 mtpa terminal adds to PTT’s first Map Ta Put LNG terminal (LMPT 1) with a capacity of 11.5 mtpa.

Data by GIIGNL shows that Thailand boosted its LNG imports last year by 26 percent to 8.27 million tons with most of the supplies coming from Qatar and Australia.

- Advertisements -

Most Popular

CoolCo, GAIL seal charter deal for newbuild LNG carrier

LNG carrier operator CoolCo has entered into a 14-year charter deal with India’s largest gas utility GAIL for one...

Japan’s Jera plans to invest up to $13 billion in LNG

Japan's power firm and LNG player, Jera, plans to invest 1-2 trillion yen ($6.47-$12.96 billion) in its liquefied natural...

TotalEnergies supplies LNG cargo to PetroVietnam Gas

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received a liquefied natural gas cargo from a unit of France's...

More News Like This

Gunvor in Italian small-scale LNG move

Geneva-based energy trader Gunvor has signed a non-binding deal to buy liquefied natural gas from LNEnergy's planned small-scale LNG...

New LNG carrier joins Celsius fleet

South Korea’s Samsung Heavy Industries has hosted a naming ceremony for one 180,000-cbm LNG carrier it built for Denmark’s...

Gunvor, Pakistan settle LNG supply dispute

Geneva-based energy trader Gunvor has resolved a dispute with state-owned Pakistan LNG over issues related to contracted LNG supplies. "Gunvor...

Glenfarne’s Texas LNG inks long-term supply deal with Gunvor

Glenfarne Group’s Texas LNG, the developer of the planned 4 mtpa LNG export terminal in the port of Brownsville,...