Eni has signed a long-term liquefied natural gas supply agreement with Thailand’s Gulf Development Company. The contract supports Eni’s strategy to diversify its global portfolio and secure stable, multi-year relationships in key international markets.
Under the agreement, Eni will sell 0.8 million tons of LNG per year for ten years to Gulf, one of Thailand’s largest private power producers. Deliveries will begin in 2027 at regasification terminals in Thailand. This follows a two-year contract signed in 2024 for the supply of approximately 0.5 million tons of LNG per year starting in 2025.
This is Eni’s first long-term LNG supply contract to Thailand and reflects the company’s efforts to expand its presence in Asia. The deal is consistent with Eni’s strategy to broaden its LNG customer base in high-potential markets. The company aims to grow its LNG portfolio to around 20 million tons per year by 2030, leveraging its projects in countries including Congo, Mozambique, the United States, and Indonesia.
The agreement provides Gulf with a stable source of LNG for power generation, supporting Thailand’s energy needs. For Eni, it represents a significant step in strengthening relationships in the Asian market and achieving long-term portfolio growth.
The transaction demonstrates Eni’s approach to combining multi-year contracts with market diversification, aiming to balance supply security with strategic expansion. It also aligns with broader trends in global LNG trade, where companies increasingly focus on long-term agreements in emerging markets to stabilize revenues and secure reliable outlets for production.
(Source: Eni)
