Insight
Thailand's gas dilemma
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Report summary
Thailand’s energy future hinges on increased LNG reliance as domestic gas and pipeline imports decline. PTTEP's success at Erawan is a bright spot, but maturing fields, declining pipeline imports, and limited exploration success present long-term challenges. By 2030, LNG will supply 58% of Thailand’s gas needs. This brings issues of market affordability. While the departure of key IOCs has changed the corporate landscape. Future licensing rounds and the resolution of the OCA are vital for unlocking new opportunities. Policy reforms and fiscal changes can change future outcomes. We deliver a deep dive into Thailand’s gas supply/demand outlook, shifting prices, exploration, corporate landscape and future challenges and opportunities.
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