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Second Thai natural-gas billionaire minted as IPOs rebound

Sarath Ratanavadi joins Somphote Ahunai as the fuel becomes critical for powering Thailand's development

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Mr Sarath decided to embrace gas in 2002 after the Thai government put deals for coal on hold.

Bangkok

A WELL-TIMED decision more than a decade ago to abandon coal in time for Thailand's natural-gas boom is poised to make Sarath Ratanavadi the newest billionaire in South-east Asia's second-largest economy.

Based on the low end of the pricing range for his Gulf Energy

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