Thailand LNG market outlook
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- Strong GDP per capita growth drives incremental power demand over the next three decades and reliance on gas and LNG continues.
- Share of LNG demand in the gas mix is expected to increase to 50% by 2030 as domestic gas production faces significant risk.
- Regasification capacity expansion and new long-term LNG contracts boost Thailand’s readiness for higher reliance on LNG.
- Market liberalisation and LNG affordability could become key to enabling demand growth.
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