Engie and Gulf Development Ink Fifteen-Year LNG Supply Agreement to Power Thailand’s Future
Long-term liquefied natural gas contract underpins Thailand’s energy security strategy and supports the nation’s transition to cleaner power generation
Thailand’s energy landscape took a significant step forward as Gulf Development Public Company Limited and French utility Engie signed a landmark fifteen-year liquefied natural gas supply agreement designed to bolster the country’s long-term fuel security and support ongoing power generation needs.
The contract, formalised in Bangkok on January thirteenth, 2026, commits Engie to provide up to 0.8 million metric tons of LNG annually, with deliveries set to begin on January first, two thousand twenty-eight under the terms of the sale and purchase agreement.
The extended supply deal aligns with Thailand’s national gas supply strategy, which seeks to diversify sources of energy imports, stabilise pricing and ensure consistent availability of natural gas for power production across multiple Gulf-operated facilities.
Gulf Development, a leading Thai energy firm, will channel the LNG to a range of power plants within its portfolio, strengthening the resilience of the nation’s electricity infrastructure and reinforcing efforts to reduce reliance on more carbon-intensive fuels.
Representatives of both companies highlighted the strategic importance of the partnership against a backdrop of evolving global energy markets and rising regional demand for cleaner, efficient power.
Engie, with more than one hundred gigawatts of installed generation capacity worldwide and an extensive footprint in energy supply and infrastructure, brings considerable experience to the collaboration.
Its role in this partnership underscores Thailand’s ambition to secure reliable fuel sources while advancing broader energy transition goals.
The agreement is expected to have far-reaching implications for Thailand’s energy security, as LNG increasingly displaces coal and other traditional fuels in the country’s power mix.
Thai authorities have emphasised that long-term contracts such as this provide both price and supply stability, critical components in planning for future economic growth and sustainable development.
The deal also reflects confidence in the robustness of Thailand’s regulatory framework and its attractiveness to major global energy partners seeking mutually beneficial, forward-looking collaborations.
The contract, formalised in Bangkok on January thirteenth, 2026, commits Engie to provide up to 0.8 million metric tons of LNG annually, with deliveries set to begin on January first, two thousand twenty-eight under the terms of the sale and purchase agreement.
The extended supply deal aligns with Thailand’s national gas supply strategy, which seeks to diversify sources of energy imports, stabilise pricing and ensure consistent availability of natural gas for power production across multiple Gulf-operated facilities.
Gulf Development, a leading Thai energy firm, will channel the LNG to a range of power plants within its portfolio, strengthening the resilience of the nation’s electricity infrastructure and reinforcing efforts to reduce reliance on more carbon-intensive fuels.
Representatives of both companies highlighted the strategic importance of the partnership against a backdrop of evolving global energy markets and rising regional demand for cleaner, efficient power.
Engie, with more than one hundred gigawatts of installed generation capacity worldwide and an extensive footprint in energy supply and infrastructure, brings considerable experience to the collaboration.
Its role in this partnership underscores Thailand’s ambition to secure reliable fuel sources while advancing broader energy transition goals.
The agreement is expected to have far-reaching implications for Thailand’s energy security, as LNG increasingly displaces coal and other traditional fuels in the country’s power mix.
Thai authorities have emphasised that long-term contracts such as this provide both price and supply stability, critical components in planning for future economic growth and sustainable development.
The deal also reflects confidence in the robustness of Thailand’s regulatory framework and its attractiveness to major global energy partners seeking mutually beneficial, forward-looking collaborations.
