Eni signed a long-term LNG sales agreement with Thailand’s Gulf Development Company, marking a major step in its strategy to expand a diversified global LNG portfolio. The new deal strengthens Eni’s presence in high-growth Asian markets. It also reinforces its commitment to building stable, multi-year supply relationships worldwide.
Eni to Supply 0.8 MTPA LNG for 10 Years
Under the agreement, Eni will supply 0.8 million tons per annum (MTPA) of LNG to Gulf Development for a period of 10 years. Deliveries will begin in 2027 and will be received at regasification terminals across Thailand. Gulf, one of the country’s largest private power producers, will use the LNG to support Thailand’s growing energy demand.
Building on Previous Collaboration
The long-term agreement builds on the momentum created by a two-year LNG supply contract signed in 2024. Under that earlier deal, Eni committed to delivering approximately 0.5 MTPA of LNG starting in 2025. The continued partnership highlights the strong alignment between the two companies and Thailand’s rising need for secure, long-term energy supplies.
Strengthening Eni’s Asian Footprint
This is Eni’s first long-term LNG supply contract with Thailand, and it significantly enhances the company’s footprint in the Asian energy market. The agreement also supports Eni’s broader strategy to diversify its customer base and expand LNG sales in regions with robust demand growth.
Supporting Eni’s Global LNG Growth Plan
Eni aims to increase its global LNG portfolio to around 20 MTPA by 2030. To achieve this, the company is leveraging major LNG projects across Congo, Mozambique, the United States, Indonesia, and other countries. As per the press release, the new long-term deal with Gulf Development plays a key role in accelerating Eni’s transition into a leading global LNG supplier.
