MARKETS

Thai gas and LNG demand surging despite growth of renewables

Thailand’s natural gas demand is projected to expand further and remain robust despite rising competition from renewable energy. This will be a boon for key LNG exporters, such as Australia and Qatar.

Aerial view of the Map Ta Phut ports and petrochemical plants, which handle liquid materials and natural gas, in Eastern Economic Corridor, Rayong, Thailand.

Aerial view of the Map Ta Phut ports and petrochemical plants, which handle liquid materials and natural gas, in Eastern Economic Corridor, Rayong, Thailand.

Indeed, Thailand jumped from eleventh to eighth in the global ranking for imports of liquefied natural gas (LNG), after purchases through October surged 25% from the same period in 2022. Thailand imported...

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