GULF aims to promote its vertical integration in energy
business through the established presence in the gas sector, aligning with Thailand’s national strategy
to strengthen energy security while enhancing competitiveness throughout the natural gas value chain.
GULF’s gas business comprises of:
LNG supply and trade:
GULF has been granted a liquefied natural gas (LNG) shipper license under its subsidiary, Gulf LNG
Company Limited, to supply 6.4 million tonnes of natural gas per annum to the gas-fired power generation
projects under the Company’s group. In addition, the Company has also been granted an LNG shipper
license under its joint venture, Hin Kong Power Holding Company Limited, to supply 1.4 million tonnes of
natural gas per annum to the Hin Kong power project.
Through its 70% equity interest in Gulf MTP, GULF has the rights to develop and operate the Map Ta Phut
Industrial Port Development Project, Phase 3 (Phase 1) (“MTP3”) located in Rayong province. As part of
the MTP3 project, the Company has been granted rights to design, construct and operate an LNG terminal,
with an annual capacity of up to 10.8 million metric tonnes.
Natural gas distribution (NGD):
GULF holds a 40% equity interest in PTT NGD to invest in the construction of a natural gas distribution
pipeline system serving customers in 13 industrial areas in the Bangkok Metropolitan region and Rayong
province. In addition, the Company holds a 35% equity interest in Gulf WHA MT to operate two gas
distribution projects (“NGD2” and “NGD4”) serving industrial users in industrial estates in Thailand’s