Under the deal, Eni agreed to sell 0.8 million tons per annum (mtpa) of LNG for 10 years to Gulf, one of Thailand’s largest private power producers.
Eni said in a statement that the LNG supplies will be delivered at regasification terminals located in the country starting from 2027.
This contract follows a two-year deal signed by the two corporations in 2024, for the supply of approximately 0.5 mtpa of LNG starting in 2025.
Eni said this new deal strengthens its presence in Asia.
It is in line with Eni’s strategy to diversify its global LNG footprint, expanding its customer base in markets with high potential, and with the company’s ambitions to grow its LNG portfolio to approximately 20 mtpa by 2030, leveraging its projects in Congo, Mozambique, US, Indonesia and other countries.
Eni also just signed a 10-year deal with Turkiye’s state-owned natural gas and LNG firm Botas, while it prepares to ship the first LNG cargo from the second phase of the Congo LNG project.
On the other hand, Gulf and PTT Tank Terminal, a unit of PTT, expect to launch commercial operations at their LNG terminal in Map Ta Phut, Thailand’s third such facility, in the first quarter of 2029.
Gulf currently holds licenses for the importation of LNG totaling 7.8 mtpa, to be used as fuel for Gulf PD, Gulf SRC, and Hin Kong power plants.
Earlier this year, Gulf and Ratch launched the second gas-fueled unit at their Hin Kong power plant.
