GULF joins hands with RATCH to announce a new deal to import LNG to supply power plants with a production capacity of 1,400 MW starting COD March 2024.

Gulf Energy Development Public Company Limited or GULF and RATCH Group Public Company Limited or RATCH can report to the Stock Exchange of Thailand on the progress report on the short-term supply of liquefied natural gas to Hin Kong Combined Cycle Power Plant Project Ratchaburi Province and the signing of a short-term liquefied natural gas supply contract with Gunvor Singapore Pte. Ltd as follows:

According to Hin Kong Power Holding Company Limited or HKH, a joint venture between Gulf Energy Development Public Company Limited or GULF, holding 49 percent of the shares, and RATCH Group Company. Public Company Limited or RATCH holds 51% of shares and has received a license. Being a natural gas procurement and wholesaler (LNG Shipper License) with a volume of 1.4 million tons per year is

On August 24, 2023, HKH signed a Term LNG Supply Agreement with Gunvor Singapore Pte. Ltd. (Gunvor) under Gunvor Group Ltd., a company. A leading provider of energy commodity trading (Energy Commodities Trading) with the objective of procuring and importing liquefied natural gas for use as fuel in electricity production of the Hin Kong Power Plant Project, which is a large private power plant (Independent Power Producer). : IPP) contracted capacity 1,400 megawatts

Under the contract, Gunvor will supply approximately 0.5 million tonnes of liquefied natural gas per year to HKH, which will begin importing liquefied natural gas for the first time in March 2024 to support the electricity production of Hin Kong Power Plant Unit 1. Contract production of 700 MW is scheduled to enter commercial operation in the same month.

However, the import of such liquefied natural gas It is in line with the country’s natural gas supply plan. It will help reduce the risk in sourcing natural gas. and increasing energy security for the country as well