Gulf Energy Development, a leading Thai power supplier to the Electricity Generating Authority of Thailand (EGAT) and private customers in the country’s main industrial zones, has been awarded government licences along with a partner company to import 1.7 million tonnes per annum of LNG.
Thailand is building a new LNG import terminal near the current Map Ta Phut terminal in eastern Rayong province with the first phase costing 28 billion baht ($913 million) and involving a joint venture between Thai power company Gulf Energy and state-owned Thai energy firm PTT.
Tokyo Gas, the utility and importer of around 12 million tonnes per annum of LNG to Japan, has helped start the first non-state natural gas distribution business in Thailand in a joint venture with Japanese trading house Mitsui and three Thai companies.