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
6
Projects
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In Operation
5
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

GULF invests in GMTP, a project company developing and operating the Map Ta Phut industrial port development phase 3 project (stage 1), which is located in Rayong province, under a 35-year PPP contract with the Industrial Estate Authority of Thailand (IEAT).

The project is divided into 3 parts:

  • Infrastructure Design and Construction, including the dredging and reclaiming of approximately 1,000 rai of land (160 hectares or 395 acres).
  • Superstructure Design and Construction for LNG Terminal
  • Operation and Maintenance of LNG Terminal to facilitate shipment of LNG up to 8 million tons per year (for LNG Terminal phase 1), extendable up to 10.8 million tons per year (for LNG Terminal phase 2).
Enter the GULF LNG website Enter the HKH website
GULF invests in Thai Tank Terminal (TTT)
Public Terminal Management Project for Handling Liquid Products

GULF invests in Thai Tank Terminal (TTT), the operator of the public terminal management project for liquid products in Map Ta Phut industrial estate, Rayong province, under a 30-year PPP contract with IEAT.

TTT manages four jetties capable of berthing 1,000 vessels annually and its liquid storage tanks have a total capacity of 723,800 cubic meters. TTT is Thailand’s largest public terminal for liquid products.

Furthermore, there is a plan to construct and invest in at least 65,000 cubic meters of additional liquid product storage tanks to meet the demand of operators in the domestic petrochemical industry

Our Projects