Exploration & Production

Thailand faces a growing need for LNG

Thailand is set to become increasingly dependent on imported LNG and could be vulnerable to price spikes as the market tightens Thailand is set to become increasingly dependent on imported LNG and could be vulnerable to price spikes as the market tightens.
By Catriona Scott 21 April 2017 0 25571
LNG carrier Golar Viking delivering LNG at Map Ta Phut LNG terminal, Thailand. (Qatargas)

Thailand’s LNG imports have grown in recent years and are set for further gains. The country’s domestic gas production is declining and its piped imports will fall over the next 10 years. This will leave the country increasingly reliant on LNG imports to expand its gas market and will increase the need to find new sources of supply.

Thailand’s gas demand was around 54 billion cubic metres in 2016, representing growth of around 1% compared with 2015. The power sector is the country’s largest user of...