Its role Investor / Financier
Gulf Energy Development Public Company Limited (Gulf Energy) is a Thai energy and infrastructure company listed on the Stock Exchange of Thailand (SET: GULF). Headquartered in Bangkok, it is one of Thailand’s largest private power producers, developing, owning, and operating electricity generation assets across natural gas–fired independent and small power producer (IPP/SPP) projects and a growing portfolio of renewable energy.
The company supplies electricity (and, for SPPs, steam) to the Electricity Generating Authority of Thailand (EGAT) and industrial customers in major industrial estates. Gulf Energy also invests in energy infrastructure, including liquefied natural gas (LNG) import and regasification capabilities and gas-to-power value chains. Its activities are relevant to the chemical sector through reliable power and steam services for industrial clusters and support for petrochemical hubs—such as those around Thailand’s Eastern Economic Corridor—via gas and LNG infrastructure and cogeneration capacity.
Also known as Gulf Group, GULF, and Gulf Energy Development PCL.
chemXplore tracks 1 project involving Gulf Energy, of which one is active.
Multi‑year SPA will deliver about 2 Mt LNG from 2027 into Thailand, enabled by a new Abu Dhabi‑based LNG marketing and trading platform.
Q2 adjusted EBITDA THB 26.932bn; ethane imports from the US due 2029; portfolio shift to 70:30 specialty by 2030; USD 300m EBITDA uplift target by 2030.
Reinforces integrated petrochemical core, starts ethane imports in 2029, shifts toward higher‑value Specialty and Green & Bio, and expands Map Ta Phut as a regional hub.
Eni will supply 0.8 MTPA of LNG to Thailand for 10 years, starting 2027, expanding its Asian presence and aiming for a 20 MTPA portfolio by 2030.
The joint venture will develop energy storage and terminal infrastructure in Duqm, supporting energy transition and economic diversification in Oman.
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