Mitihoon – Gulf Development Public Company Limited (GULF), led by Mr. Sarath Ratanavadi, Chief Executive Officer, has officially signed a Long-Term LNG Sales and Purchase Agreement (SPA) with ENGIE, a French-based global leader in the energy sector, represented by Mr. Jerome Malka, Executive Committee. This 15-year strategic partnership is designed to reinforce Thailand’s energy supply chain and ensure long-term stability for the Thailand’s power sector. Under the terms of the agreement, GULF will import and supply Liquefied Natural Gas (LNG) to power plants within the GULF Group. The contract covers a volume of up to 0.8 million tons per annum, with official deliveries scheduled to commence from January 1, 2028 onwards.
ENGIE is a leading global energy group with extensive experience in operating a fully integrated energy business, covering power generation with a total installed capacity of more than 100 gigawatts, as well as supply and energy management businesses, which include gas transmission and distribution networks, and energy infrastructure businesses in 30 countries worldwide. In addition, ENGIE plays an important role as a global leader in driving the energy transition and supporting the long-term development of a low-carbon economy.
This collaboration is a key component of GULF’s proactive strategy to diversify its natural gas sources, aligning with Thailand’s national energy management plan which prioritizes price stability and security of supply to support the country’s continuous economic growth. By partnering with ENGIE, a major player in the global energy transition with operations in over 30 countries, GULF gains access to flexible and efficient gas resources. This synergy will be instrumental in developing the country’s energy infrastructure, ensuring a secure and sustainable energy future for Thailand.
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