Gulf LNG International Pte Ltd, a subsidiary of Gulf Development Plc, will supply about 300,000 tonnes of liquefied natural gas (LNG) to China in 2027 under a deal that expands Gulf’s trading reach, Bangkok Post reported Nov. 13.
The agreement covers four cargoes and names PetroChina International (Singapore) Pte Ltd (PCSG) as the buyer, the report said. GLNGI, Gulf’s Singapore-incorporated trading subsidiary, will supply them. PCSG is a subsidiary of PetroChina International.
Gulf Resources Chief Executive Disathat Panyarachun said the deal reflects a broader effort to manage LNG across a portfolio while continuing to meet domestic demand. He described the collaboration as a way for Gulf to use its Thai infrastructure and supply options as it seeks a larger role in overseas trading. Panyarachun added that LNG supplies for Gulf’s power plants in Thailand were proceeding as scheduled.
The report described Gulf’s wider gas business as spanning vessel operations and natural gas distribution, alongside storage, LNG supply and trading, and an LNG receiving terminal.
