Name: Thailand's scramble for LNG: a reality check on gas market fundamentals
Brand: Wood Mackenzie
SKU: 143103
Price: 950 USD
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Author: Wood Mackenzie

Insight 28 June 2022

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            <h3 class="mega store_featured_content_extrabold store_font_black">Report summary</h3>
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Thailand’s LNG demand has surged by almost 50% in first-half 2022 compared to the same period last year. Our full-year LNG demand forecast for Thailand is around 8 Mt and PTT only imports about 5.2 Mt of LNG supply from four long-term contracts. Hence, incremental LNG demand must be met with a significant number of spot cargo purchases, unfortunately dealt at record-high prices, from an extremely tight global LNG market.</div>
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                    <h3 class="alpha push-half--bottom">Table of contents</h3>

<li class="list__item-toggle font-semibold">
        Executive Summary
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<li class="list__item-toggle">
        <a href="#b515f806-c4d8-4961-8158-deba74084967" class="js-toggle-local list__link-toggle dark-link font-semibold" role="button" aria-controls="b515f806-c4d8-4961-8158-deba74084967" aria-expanded="false">
            What’s driving LNG demand: Double whammy of demand and supply fundamentals
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        <ul id="b515f806-c4d8-4961-8158-deba74084967" class="panel-toggle push-half--left push-half--bottom">
                <li class="push-quarter--bottom">
        Significant reliance on gas generation raised systemic risk in Thailand’s power sector
    </li>
    <li class="push-quarter--bottom">
        Domestic gas production’s steady decline – No upside, only downside risk
    </li>
    <li class="push-quarter--bottom">
        Dim E&P prospects in Myanmar add to Thailand’s long-term gas supply security concerns
    </li>

</ul>
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<li class="list__item-toggle font-semibold">
        Market fundamentals leave Thailand with little choice but to import more LNG
    </li>

<li class="list__item-toggle font-semibold">
        Expect high power prices as pricy spot LNG imports lift gas pool prices
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<li class="list__item-toggle font-semibold">
        Looking forward
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<p class="push-half--bottom">This report includes the following images and tables:</p>

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         <li class="list__item push-quarter--bottom">Electricity seasonality</li><li class="list__item push-quarter--bottom">Power generation seasonality</li><li class="list__item push-quarter--bottom">Gas pool price trends</li>
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            <li class="list__item push-quarter--bottom">Monthly LNG demand (Mt)</li><li class="list__item push-quarter--bottom">Power generation mix forecast</li><li class="list__item push-quarter--bottom">Major gas producing fields</li>
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<p class="font-regular" >Thailand's scramble for LNG: a reality check on gas market fundamentals</p>
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