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Asia300

Thai utilities form JV to serve new economic zone

Tokyo Gas and Mitsui join as partners as hub development takes shape

Laem Chabang's new terminal was scheduled to open in 2028, but partial operations will now start in July. (Photo by Takaki Kashiwabara)

BANGKOK -- Thai utilities and power companies have teamed up with a Japanese joint venture to create a consumer gas business serving a newly created Eastern Economic Corridor, a technology hub.

WHA Utilities & Power and Gulf have partnered with a Japanese joint venture, Mitsui and Tokyo Gas, to form a new company named WHA Eastern Seaboard NGD 4, or WHANGD 4. This new company will operate a natural gas retailing business and supply to industrial factories in the hub, said Wisate Chungwatana, chief executive of WHA Utilities & Power, which is listed in Bangkok.

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