On December 4, 2025, Gulf Development Public Company Limited (SET: GULF) disclosed that its wholly owned subsidiary entered into a Liquefied Natural Gas (LNG) Sale and Purchase Agreement with Eni S.p.A. (“Eni”).
This significant deal secures LNG supply for a period of 10 years, with deliveries scheduled to commence in January 2027, providing up to 0.8 million tonnes per annum (MTPA) of LNG to be used as fuel in power plants under the company’s group. This new supply arrangement supplements the company’s existing LNG import operations, which began in 2024 under an LNG Shipper License granted by the Energy Regulatory Commission (“ERC”) that permits the import of up to 7.8 MTPA.
Eni is identified as one of the world’s leading energy companies, listed on the Italian Stock Exchange, with a market capitalization of approximately EUR 50 billion and the Government of Italy as one of its major shareholders. Eni’s operations cover the full energy value chain, including crude oil and natural gas exploration and production, LNG trading, power generation, refining and distribution, as well as developing renewable energy and energy transition solutions.
The company asserted that this procurement supports Thailand’s national gas supply strategy by diversifying natural gas sources, which is intended to enhance stability in both price and supply volume, thereby strengthening the nation’s long-term energy security and supporting national economic stability and growth.
