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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

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


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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