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.
Total Projects Icon
Total Projects
6
Projects
In Operation Icon
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 invests in, develops, and operates various gas businesses. These can be classified into 4 types:

Natural Gas Distribution
Natural Gas Distribution

GULF invests in projects that develop, construct, and operate natural gas distribution pipeline systems that are directly connected to the transmission pipelines of PTT Public Company Limited (PTT).

The distribution network serves the energy needs of industrial estate customers, with the connections facilitated by PTT Natural Gas Distribution Company Limited (PTT NGD).

LNG Terminal
LNG Terminal

GULF is the developer and operator of the LNG terminal project located in Map Ta Phut Industrial Estate, Rayong Province, under a public-private partnership with the Industrial Estate Authority of Thailand (IEAT). Designed with a Phase 1 receiving capacity of up to 8 MTPA, the terminal will support the import, storage, and regasification of LNG, strengthening Thailand's energy infrastructure and enhancing long-term energy security. Commercial operations are expected to commence in the first quarter of 2029.

LNG Shipper
LNG Shipper

Through GLNG and HKH, GULF imports LNG from global markets and supplies natural gas to support power generation to IPP and SPP power plants within the Group. With LNG import capacity of up to 7.8 million tons per annum (MTPA), the business strengthens GULF's integrated energy platform while contributing to a secure and reliable energy supply for Thailand.

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 Co., Ltd. (TTT), the operator of Thailand's largest public liquid products terminal at Map Ta Phut Industrial Estate, Rayong Province under a 30-year PPP contract with the IEAT. The facility provides storage and marine logistics infrastructure for the petrochemical and industrial sectors, with four jetties capable of berthing approximately 1,000 vessels per year and over 723,800 cubic meters of liquid storage capacity. The terminal plays a key role in supporting Thailand's industrial ecosystem and future industry growth.

Our Projects