B.Grimm LNG Limited (BGLNG), a wholly-owned subsidiary of B.Grimm Power Public Company Limited, has achieved a significant milestone by successfully importing its first LNG cargo on 25th August 2024. This achievement positions BGLNG as the first private LNG Shipper in Thailand to import LNG for sale to SPPs.
Licensed by the Energy Regulatory Commission (ERC) on June 16th, 2020, BGLNG has been authorised to procure and wholesale natural gas (LNG Shipper) with an annual import quota of up to 1.20 million tons. The company’s initial focus is on supplying gas to 19 power plants within the B.Grimm Power group.
For this first shipment, BGLNG purchased LNG from Sumitomo Corporation (Japan). The LNG cargo of approximately 65,000 tons was delivered, stored, and regasified at the Map Ta Phut LNG Terminal 1 (LMPT1) which is owned and operated by PTT LNG Company Limited (PTTLNG). The regasified LNG is subsequently distributed to 10 power plants within the B.Grimm Power’s group, including 1. Amata B.Grimm Power 1 Limited, 2. Amata B.Grimm Power 2 Limited, 3. Amata B.Grimm Power 3 Limited, 4. Amata B.Grimm Power 4 Limited, 5. Amata B.Grimm Power 5 Limited, 6. B.Grimm Power (Laem Chabang) 1 Limited, 7. B.Grimm Power (WHA) 1 Limited, 8. B.Grimm Power (Angthong) 1 Limited, 9. B.Grimm Power (Angthong) 2 Limited, and 10. B.Grimm Power (Angthong) 3 Limited.
Dr. Harald Link, President of B.Grimm Power Public Company Limited, stated, “BGLNG is poised to expand its gas customer base, targeting both B.Grimm Power’s power plants and other industrial customers. This expansion aligns with the government’s policy of natural gas liberalisation, which will provide greater access to competitive pricing for LNG and gas users, fostering new business opportunities in Thailand.”
Dr. Harald Link further emphasized. “This is a historic day for B. Grimm Power as it allows us to underpin our existing businesses and ensure long-term sustainability. By procuring LNG from BGLNG, B.Grimm Power’s power plants will have access to a competitive natural gas supply, facilitated by the government’s policies promoting natural gas market liberalisation. In the long run, this will help reduce energy costs, benefiting the overall Thai economy.”
In addition to LNG procurement, B.Grimm Power is actively expanding its renewable energy portfolio. The company has set an ambitious target of increasing its renewable energy generation to over 50% by 2030, up from the current 25%. This demonstrates B.Grimm Power’s unwavering commitment to providing clean and affordable energy to communities and industries across Thailand. With a long-term vision of becoming a global energy leader, B.Grimm Power is determined to achieve net-zero carbon emissions by 2050.
Mr. Andrew Kirk, Executive Vice President of LNG Business and Sustainable Fuels of B.Grimm LNG Limited, said. “BGLNG has started to import LNG at a critical time for Thailand. We hope to expand our business to offer Thai consumers greater choice and flexibility as the market liberalises and increases Thailand energy security.”
The future direction of the company is to expand its LNG and natural gas business to offer services to third party gas users who are seeking competitive options. We are determined to drive Thailand’s economy and energy efficiency by developing other new businesses, such as truck loading and reloading, to continuously increase our customer base and ensure sustainable revenue growth.
Rattikool Piyavongwanich, President of PTT LNG Company Limited, expressed his pleasure in PTTLNG’s role as the LNG terminal service provider for B.Grimm LNG Limited’s successful first LNG import. He highlighted that this significant milestone by the private sector aligns with the government’s policy of natural gas liberalisation. This achievement not only provides more choices for natural gas users but also strengthens energy security, which is central to PTT LNG’s mission of ensuring the nation’s long-term energy stability.
Mr. Koji Endo, Head of Gas Value Chain, Strategic Business Unit of Sumitomo Corporation, said it is a remarkable honor for Sumitomo Corporation to be B.Grimm LNG Limited’s first LNG supplier. We are thrilled to embark on this new chapter with B.Grimm, extending our established relationship from the power business into the dynamic world of LNG. Looking forward to new opportunities and innovations as we continue to make strides together in both LNG and power business.
