Commodity Market Report
Thailand gas and LNG markets long-term outlook 2019
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Report summary
In February 2019, PTTEP signed new contracts to take over the Erawan and Bongkot gas fields after their existing concessions expire, locking in gas supplies for Thailand in the medium term. The future of Thailand's gas market will depend on PTTEP's ability to maintain production at these blocks and the potential to mobilise volumes in the Overlapping Claims Area. Maintaining piped gas imports is critical to keep gas prices low. This report presents Wood Mackenzie's view of Thailand's gas market including our latest supply-demand balance, contracts, infrastructure, market structure and policy.
Table of contents
-
Recent developments since the last report
- PTTEP officially signs contract to take over Bongkot and Erawan
- 21 st licensing round set for H2 2019, comprised entirely of offshore blocks
- Third party access regulation starts to take shape although uptake has been limited
- Thailand shut down offshore fields in anticipation of tropical storm at the start of 2019
- Power and renewables report
-
Key stakeholders
- Key offices
- Ministries/agencies
-
Energy policy
- Third-party access
- Fuel mix
- Pricing
- Environmental and carbon policy
-
Gas market regulation
- Upstream
- Transmission and distribution
- Upstream
-
Midstream and downstream
- PTT
- EGAT
- Gulf Energy Development
- Gas supply overview
-
Existing gas infrastructure
- Key pipelines
- Connecting pipelines
- I mport pipelines
- Under development and proposed gas infrastructure
- Gas demand overview
-
Central and South Thailand gas demand
- Power sector
- Industrial sector
- Transport
- Other demand: gas separation plants
-
North and Northeast Thailand gas demand
- Power sector
- Non-power sector
- Central and South Thailand gas balance
- North and Northeast Thailand gas balance
- Gas pricing overview
-
Gas price forecast
- Upstream gas prices
- LNG contract prices
- Midstream gas prices
- Power and gas separation plants
- Other sectors
-
Executive summary
- LNG needed to backfill declining domestic supplies
- Construction has started on Nong Fab terminal, EGAT FSRU and South FRSU in the pipelines
- PTT traded its first LNG cargo, formally launching its LNG trading arm
- EGAT's LNG import plan likely to be delayed to 2020
-
LNG demand
- Short-term LNG outlook
- Medium- and long-term LNG outlook
- Contracts
-
Trade
- LNG Imports
- Seasonality
-
LNG Infrastructure
- Map Ta Phut regasification terminal
- Nong Fab LNG
- EGAT FSRU
- South Thailand FSRU
- Dawei LNG
-
Policy and regulation
- Regulatory Overview
- Third party access
Tables and charts
This report includes 39 images and tables including:
- Major energy legislation
- Thailand gas reserves holders*
- Total potential gas supply available – Thailand*
- Thailand Regional Supply
- Thailand gas pipelines and fields
- Onshore Thailand gas pipelines and fields
- Central and South Thailand total gas demand
- North and Northeast Thailand total gas demand
- Local supply demand gap
- Central and South Thailand balance
- Gulf of Thailand gas pipeline
- Myanmar-Thailand gas pipeline
- Local supply demand gap
- North and Northeast Thailand balance
- Current gas pricing trends
- Pricing price outlook to 2035
- LNG Contracts
- Contracted LNG supply position versus available regasification capacity
- Seasonal profile
- LNG Import Infrastructure
- Thailand regional summary
- GDP Forecast – Thailand
- Thailand Generation Mix
- Thailand’s energy policy and regulatory structure
- Thailand gas market value chain
- PTT natural gas customer breakdown
- PTT natural gas sales by quarter
- EGAT power generation and purchases
- EGAT power generation by type of power plant (March 2019)
- Gas users in power sector
- Gas users in the industrial sector
- Gas users in power sector
- Gas users in the industrial sector
- Domestic wellhead gas price in Thailand (2018)
- Imported gas price (2018)
- PTT pool prices
- Current gas price - delivered (2019)
- Thailand LNG demand
- Historical LNG imports
What's included
This report contains:
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