Commodity Market Report
Thailand gas market outlook
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Report summary
Declining domestic gas production threatens national energy security. LNG imports grew in 2022 despite high prices to replace production from Erawan that has been declining rapidly since the handover from Chevron. High reliance of gas in the power mix leads to stable demand even as gas prices more than doubled since 2021. This report presents Wood Mackenzie's view of Thailand's gas market. Understand the key risks and opportunities in Thailand's gas market with our latest supply-demand balance analysis and views on infrastructure developments.
Table of contents
- Strong GDP per capita growth drives incremental power demand over the next three decades
- Domestic gas production is at significant risk
- LNG demand ramps up quickly in the short-term to offset declines in domestic gas production
- Gas usage is widespread but does not enjoy special status in national energy transition plans .
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