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Gulf Energy granted government LNG import licenses

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LNG Industry,

Reuters is reporting that Thai Gulf Energy Development Pcl has been licensed by the government of Thailand to import 1.7 million tpy of LNG.

Gulf Energy is only the second company in the country to secure such a license – state-owned Electricity Generating Authority of Thailand (EGAT) being the first.

This latest license was reportedly granted as part of Thailand’s plans to free up its natural gas market and pursue a position as a regional LNG trading hub.

Gulf Energy has also been granted a 300 000 tpy LNG shipper license by the Energy Regulatory Commission.

The company will reportedly use its license to supply 19 of its small scale power projects with LNG.

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