Energy companies join hands to fuel EEC
A collaboration between three regional energy companies will supply natural gas distribution services to the Eastern seaboard starting in 2019 as the Eastern Economic Corridor (EEC) rolls out.
WHA Utilities and Power Plc (WHAUP) has joined hands with GULF-MITG to launch natural gas distribution services in the EEC area under the “WHA Eastern Seaboard NGD 2 Project (WHANGD2)”.
Wisate Chungwatana, WHAUP’s chief executive, said the Eastern seaboard project has been in commercial operation since the beginning of this month, distributing natural gas to its first customer, located in the WHA Eastern Seaboard Industrial Estate 2,
The project is the first of a business collaboration among leading regional energy companies as WHAUP joins with Gulf Energy Development Plc (GULF) and MITG (Thailand) Co Ltd. The resulting joint-venture company, named GULF WHA MT Natural Gas Distribution Co Ltd (Gulf WHA MT), will provide natural gas distribution services to support the energy demand of the industrial users at Estate 2 in Sriracha, Chonburi province in the Eastern Economic Corridor (EEC). Yupapin Wangviwat, senior executive vice president of GULF, said the project has an initial investment of approximately Bt198 million. It has natural gas distribution capability of 2 million BTU per year. The company has signed a 10-year gas sale and purchase agreement with PTT Plc, as well as a 10-year gas sale and purchase agreement with the customer, each renewable every 10 years. The WHANGD2 project has already obtained a Natural Gas Retail Licence and a Natural Gas Transmission Licence from the Energy Regulatory Commission.
