Gas Business

Gas Business

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Overview

The demand for natural gas in Thailand is increasing due to economic growth, higher electricity needs, and industrial sector expansion.

However, with the natural gas supply from the Gulf of Thailand diminishing, the government has introduced policies to stimulate the import of Liquefied Natural Gas (LNG). These policies aim to promote fair competition in the gas trading business, increase the number of natural gas traders, and prepare for future liberalization of the natural gas market.

In line with international trends to reduce greenhouse gas emissions, the government is promoting clean energy by encouraging the use of natural gas as a primary fuel. Natural gas is more stable and emits fewer greenhouse gases compared to other fossil fuels.
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Total Projects
5
Projects
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In Operation
4
Projects
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Under Construction and Development
1
Project

To support government policies, contribute to Thailand’s economic growth, and strengthen the nation’s fuel security, Gulf Energy Development invests in, develops, and operates various gas businesses. These can be classified into three types:

Natural Gas Distribution
Natural Gas Distribution

The Company invests in projects that develop, construct, and operate natural gas distribution pipeline systems.

These pipelines link the transmission pipelines of PTT Public Company Limited (PTT) to industrial estate customers. These connections are facilitated and PTT Natural Gas Distribution Company Limited (PTT NGD).

LNG Terminal
LNG Terminal

Gulf Energy Development is the developer and operator of an industrial port development project with an LNG terminal located in the Map Ta Phut Industrial Estate, Rayong province. This project is under a public-private partnership (PPP) contract with the Industrial Estate Authority of Thailand (IEAT).

The project has two main parts:

  1. Infrastructure design and construction: Details are available here.
  2. Superstructure design, construction, and operation: The includes the LNG terminal on approximately 200 rai (about 79 acres or 32 hectares) of reclaimed land to facilitate the shipment of LNG not less than 5 million tons per year in phase 1, with the capacity extendable up to 10.8 million tons per year.
LNG Shipper
LNG Shipper

The company operates a natural gas supply and wholesaling business through Gulf LNG (GLNG), which holds a Liquefied Natural Gas (LNG) shipper license from the Energy Regulatory Commission (ERC). GLNG procures LNG from global suppliers, stores it, and then converts the LNG back into gas (regasification) at the LNG terminal. Afterward, it distributes the gas through PTT Public Company Limited’s (PTT) gas transmission pipeline system.

This gas is sold to Independent Power Producer (IPP) and Small Power Producer (SPP) power projects, as well as natural gas distributors within the Group, with a capacity of up to 6.4 million metric tons per year.

In addition, the company holds shares in Hin Kong Holding (HKH), which also has an LNG shipper license from the ERC for 1.4 million metric tons per year. HKH will supply natural gas to the Hin Kong Power (HKP) project once it begins commercial operations.

Enter the GULF LNG website

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