Commodity Market Report
Thailand LNG market outlook
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In 2023, Thailand hit a new high in LNG imports, becoming the top importer in Southeast Asia. The Erawan field’s production surged to 800 mmscfd after PTTEP took over. Despite this, Thailand’s falling domestic gas production is a persistent issue. The nation’s reliance on LNG is projected to grow, with imports increasing from 30% in 2024 to 50% by 2030 due to rising gas demand. This report presents Wood Mackenzie's view of Thailand's LNG market. Understand the key risks and opportunities in Thailand's LNG market with our latest supply-demand balance analysis, views on key infrastructure developments, and latest trends in LNG trade.
Table of contents
- 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.
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
How would a delayed energy transition in North America impact the natural gas market?
North American gas market outlook in a delayed energy transition scenario.
$950
Asset Report
ZLNG (Petronas FLNG 3) - Commercial Overview
Petronas FLNG 3, or ZLNG, is an under-construction floating facility in the Sabah region. It would be Petronas's third offshore ...
$2,700
Asset Report
Bahrain LNG - LNG regas terminal
Bahrain LNG terminal began operations in May 2025 after five-year delay. Bahrain Spirit FSU traded as carrier from 2020 to 2025.
$1,450
