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Sunday, May 19, 2024

Thailand’s gas demand to increase by nearly 6% in the next ten years

Wood Mackenzie’s research emphasizes the significant importance of gas and liquefied natural gas (LNG) in Southeast Asia’s energy transition, with a specific focus on Thailand. The research indicates that gas and LNG will play a crucial role in meeting the energy needs of Southeast Asia, especially in Thailand, as the region shifts towards cleaner and more sustainable energy sources.

Key Takeaways

  • Despite the growth of renewables, gas will remain essential for grid stability during Thailand’s energy transition.
  • Thailand faces a potential shortfall in contracted LNG, increasing its exposure to volatile spot purchases and higher gas prices.
  • Developing new gas infrastructure, such as LNG terminals and pipelines, is crucial for ensuring Thailand’s energy security and successful transition.

Despite a growing renewable energy sector, gas remains essential for grid stability and meeting…

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