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B.Grimm Power said in a stock exchange filing on Tuesday that its unit B.Grimm LNG Limited has established a new subsidiary in Malaysia, B.Grimm LNG Sdn. Bhd.
The purpose of the new unit will be to trade LNG and/or natural gas to supply
power producers and industrial users, according to the firm.
The new unit has a registered capital of 1 Malaysian Ringgit dividend into one share with par value of 1 Malaysian Ringgit per share, of which B.Grimm LNG holds 100 percent of the shares.
B.Grimm Power said the new unit will be funded by B.Grimm LNG’s working capital.
The company did not provide further details.
In August 2024, B.Grimm LNG imported 65,000 tons of LNG via PTT’s Map Ta Phut LNG terminal 1 (LMPT1) in Rayong province.
The firm purchased its first LNG cargo from Japan’s Sumitomo.
With this shipment, B.Grimm Power became the first private company in Thailand to import LNG for distribution to small power producers (SPP), according to the firm.
Last year, B.Grimm Power planned to import up to five LNG cargoes.
According to B.Grimm Power’s 2025 results report released last month, “up to 9 LNG shipments are planned for import into the pool gas system” in 2026.
