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 gas, accounting for around 59% of demand in recent years. Gas in also dominant in the country’s power sector. Gas-fired power generation has accounted for around 70-74% of total power generated in recent years. Industry accounts for around 14% of consumption, while roughly 20% is used by Thailand’s gas processing sector to produce NGLs, propane, LPG and ethane. Although it makes up only about 7% of the market, gas demand from the transport sector is rising because the government is supporting the use of NGVs.
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