Eni has entered into a long-term LNG sales agreement with Thailand’s Gulf Development Company that reinforces the company’s strategy to grow a diversified global portfolio and secure stable, multi-year relationships in key international markets.
Under the transaction, Eni agrees to sell 0.8 million tons per annum (MTPA) of LNG for 10 years to Gulf, one of Thailand's largest private power producers. The LNG will be delivered at regasification terminals located in the country starting from 2027. This contract follows a 2-year deal signed by the two corporations in 2024, for the supply of approximately 0.5MTPA of LNG starting in 2025.
The agreement is Eni’s first long term LNG supply to Thailand, in a move designed to strengthen 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.
Source: Eni
