Gulf LNG commences LNG imports for power generation, aligns with Thailand’s gas market deregulation policy
Published by Emilie Grant,
Editorial Assistant
Tanks and Terminals,
Gulf Energy Development Plc. (GULF) successfully received its inaugural LNG cargo on 6 January 2025, for Gulf LNG Co. Ltd (Gulf LNG). This inaugural LNG shipment to Gulf Group’s gas-fired power plants marks a significant milestone, and underscores the commitment to the state’s gas market deregulation policy, which aims to foster competition, enhance energy security, increase flexibility in energy source procurement, and stimulate economic growth by creating a more competitive environment within the industrial sector.
Gulf LNG Co. Ltd, a wholly owned subsidiary of GULF, has received a natural gas procurement and shipper license from the Energy Regulatory Commission (ERC). This license authorises the import of up to 6.4 million tpy of LNG to fuel the company’s power generation assets, including IPP Power Plants: Gulf Pluak Daeng Power Plant (GPD) and Gulf Sriracha Power Plant (GSRC), SPP Power Plants: 19 Small Power Producer (SPP) plants, and industrial customers.
For its inaugural LNG shipment, the company has entered into an LNG purchase agreement with ADNOC Trading. This shipment will utilise PE LNG’s Map Ta Phut LNG Terminal 2 (LMPT2) for regasification, which will then be injected into PTT’s natural gas pipeline system for delivery to Gulf Group power plants.
In addition, the company plans to continuously expand its natural gas business to address the growing demand from diverse sectors, particularly industrial users seeking alternative suppliers. This expansion strategy includes the development of Map Ta Phut Industrial Port Phase 3, where land reclamation is already over 95% complete, and the LNG Terminal Project is scheduled for completion in 2027. This integrated development will support industrial growth and effectively meet the increasing demand for natural gas in the future.
Read the article online at: https://www.tanksterminals.com/terminals/20012025/gulf-lng-commences-lng-imports-for-power-generation-aligns-with-thailands-gas-market-deregulation-policy/
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