Commodity Market Report

Thailand LNG long-term outlook 2019

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19 July 2019

Thailand LNG long-term outlook 2019

Report summary

Thailand's LNG market is at the cusp of change. After years of hard work in setting up third party access, EGAT is set to join the ranks of LNG importer in 2020. Demand-wise, we expect strong near-term growth as a result of new gas-fired capacity. LNG growth prospects are muted in the medium term due to sustained domestic gas production from the Erawan and Bongkot fields. However, longer-term uncertainty on gas supplies in the Gulf of Thailand and Overlapping Claims Area continue to present strong upside for LNG. Thai buyers will need to sign more LNG contracts to meet future demand. Meanwhile, Thailand's infrastructure has been expanding in recent years in anticipation of increasing LNG imports. This report presents Wood Mackenzie's view of Thailand’s LNG market including our latest supply-demand balance, contract developments, regas infrastructure, market structure and policy.

Table of contents

  • 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
    • Short-term LNG outlook
    • Medium- and long-term LNG outlook
  • LNG Imports
  • Seasonality
    • Map Ta Phut regasification terminal
    • Nong Fab LNG
    • South Thailand FSRU
    • Dawei LNG
  • Regulatory Overview
  • Third party access

Tables and charts

This report includes 8 images and tables including:

  • Thailand gas demand
  • Gas supply and demand breakdown
  • Historical LNG imports
  • Seasonal profile
  • LNG infrastructure
  • Thailand LNG demand
  • LNG Contracts
  • Contracted LNG supply position versus available regasification capacity

What's included

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    Thailand LNG long-term outlook 2019

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    Thailand LNG long-term outlook 2019

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