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.