Commodity Market Report
Thailand LNG market outlook
Report summary
LNG imports grew in 2020 despite a decline in gas demand due to coronavirus-related economic slowdown. Rising spot LNG prices threatens energy security as contracted LNG volume is insufficient to meet LNG demand after 2022. PTT and new market players will jointly develop the Rayong and Surat Thani LNG regas terminals. Power producers' strong interest in self-procuring LNG is met with government support as the ERC issues new LNG import licences. The NEPC will progressively allow spot LNG imports while it evaluates if the term LNG market is ready for more competition. 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
- EGAT and PTT plan to jointly develop new LNG terminal
- New LNG import licences issued but no real activity since April 2020
- Insufficient contracted LNG for rising demand after 2022
-
LNG value chain stakeholders
- Ministries and government agencies
- Enterprises and business entities
-
LNG policies
- Third-party access
- Map Ta Phut regasification terminal
-
Future LNG infrastructure development
- Map Ta Phut LNG terminal expansion
- Nong Fab LNG terminal
- Proposed Surat Thani LNG terminal
-
LNG demand
- Short term
- Long term
Tables and charts
This report includes 8 images and tables including:
- LNG import map
- Thailand LNG demand
- LNG contract volumes
- Lapsed/cancelled LNG agreements
- LNG contract price assumptions
- Regas capacity utilisation
- Historical LNG imports
- Seasonal profile
What's included
This report contains:
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