{"id":329113,"date":"2026-01-15T15:31:02","date_gmt":"2026-01-15T19:31:02","guid":{"rendered":"https:\/\/inspenet.com\/?p=329113"},"modified":"2026-01-15T15:16:28","modified_gmt":"2026-01-15T19:16:28","slug":"engie-and-gulf-sign-lng-supply-agreement-for-15-years","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/engie-and-gulf-sign-lng-supply-agreement-for-15-years\/","title":{"rendered":"ENGIE and GULF sign LNG supply agreement for 15 years"},"content":{"rendered":"\n<p>French energy company <strong>ENGIE<\/strong> and Thailand&#8217;s <strong>Gulf Energy Development (GULF)<\/strong> have signed a long-term contract, 15 years to be exact, for the purchase and sale of <strong>liquefied natural gas (LNG).<\/strong> The contract provides for the delivery of up to <strong>0.8 million tons per year<\/strong> of LNG starting January 1, 2028. <\/p>\n\n<h2 class=\"wp-block-heading\">Implications for Thailand<\/h2>\n\n<p>The main objective behind this agreement is to <strong>guarantee a <a href=\"https:\/\/inspenet.com\/en\/news\/lng-powered-containerships-maintain-leadership-in-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">stable supply of gas<\/a><\/strong>, a crucial fuel for generating electricity in the country, through a long-term contract that helps <strong>mitigate the volatility of international<\/strong> gas <strong>prices<\/strong> and ensures availability. In addition, the LNG provided by ENGIE will serve to provide reliable power needed for Thailand&#8217;s industrial and economic development. <\/p>\n\n<h2 class=\"wp-block-heading\">What is the overall impact of the contract?<\/h2>\n\n<p>The agreement between ENGIE and GULF marks an <strong>important milestone<\/strong> in Thailand&#8217;s energy planning, not only because of the commercial transaction, but also because of the <strong>strategic alliance<\/strong> that:<\/p>\n\n<ul class=\"wp-block-list\">\n<li><strong>For Gulf:<\/strong> It blocks a vital supply of fuel for its future operations.<\/li>\n\n\n\n<li><strong>For ENGIE:<\/strong> Secures a long-term stable customer in a key growth market in Asia.<\/li>\n\n\n\n<li><strong>For Thailand:<\/strong> It is a concrete step to <strong>strengthen its energy resilience<\/strong>, diversify its energy basket and underpin its future economic growth on a more stable and secure basis.<\/li>\n<\/ul>\n\n<p>In essence, it is an example of how long-term LNG <strong><a href=\"https:\/\/inspenet.com\/en\/news\/woodside-and-botas-sign-long-term-lng-supply-agreement\/\" target=\"_blank\" rel=\"noreferrer noopener\">long-term LNG contracts<\/a><\/strong> remain a critical tool for importing countries to manage geopolitical and market risks while advancing their energy transition goals.<\/p>\n\n<p><strong>Source: <a href=\"https:\/\/engie-sem.com\/wp-content\/uploads\/2026\/01\/56765c78adfeb384b6ac2e563baf7c8d_ENGIE-and-Gulf-sign-15-year-LNG-agreement-to-strengthen-Thailands-energy-security.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">ENGIE<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The agreement will strengthen Thailand&#8217;s energy security with 0.8 million tons per year of LNG starting in 2028.<\/p>\n","protected":false},"author":10019,"featured_media":328880,"menu_order":0,"comment_status":"open","ping_status":"closed","template":"","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categoria_noticias":[13026,13036],"etiqueta_noticias":[],"class_list":["post-329113","noticias","type-noticias","status-publish","has-post-thumbnail","hentry","categoria_noticias-energy","categoria_noticias-oil-and-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/329113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias"}],"about":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/types\/noticias"}],"author":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/users\/10019"}],"replies":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/comments?post=329113"}],"version-history":[{"count":0,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/noticias\/329113\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media\/328880"}],"wp:attachment":[{"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/media?parent=329113"}],"wp:term":[{"taxonomy":"categoria_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/categoria_noticias?post=329113"},{"taxonomy":"etiqueta_noticias","embeddable":true,"href":"https:\/\/inspenet.com\/en\/wp-json\/wp\/v2\/etiqueta_noticias?post=329113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}