Japanese utility Tokyo Gas, through its unit Tokyo Gas Asia, has set up the first fully private natural gas distribution business in Thailand.
The distribution company named Gulf WHA MT Natural Gas Distribution Company (GWHAMT) has been established through a joint investment by the Gas Energy Development Company, Thai privately held WHA Utilities and Power and MITG (Thailand), a joint venture between Tokyo Gas Asia and Mitsui & Co.
Tokyo Gas said the company has been established in WHA Eastern Seaboard Industrial estate, located in the Easter Economic Corridor, earmarked by the Thai government for investment promotion purposes.
GWHAMT, through its distribution channels, will supply gas to users in industrial estates owned by Hemaraj Land and Development, Tokyo Gas statement reads.
Tokyo Gas and Tokyo Gas Asia will seek to expand the gas distribution business in the Industrial Estate, leveraging know-how on gas distribution backed by years of experience and successful operation in Japan, together with know-how as to the LNG value chain such as energy solution, operation management and sales support, Tokyo gas said.