Press Release

Thailand LNG Market is expected to grow at a robust CAGR

Thailand LNG Market is expected to grow owing to energy security and diversification throughout the a period.


According to TechSci Research report, “Thailand LNG Market – By Region, Competition, Forecast and Opportunities, 2018-2028”, Thailand LNG Market is expected to register robust growth during the forecast period. One of the key drivers for the Thailand LNG market is the pursuit of energy security and diversification. Thailand has a growing demand for energy due to its expanding economy and population. To ensure a stable and reliable energy supply, the country is looking to diversify its energy sources, reducing its dependence on a single energy type, such as natural gas or coal. LNG plays a pivotal role in this diversification strategy. It offers a flexible and cleaner alternative to traditional fossil fuels, making it an attractive choice for power generation, industrial processes, and transportation. By incorporating LNG into the energy mix, Thailand reduces its vulnerability to supply disruptions and price fluctuations associated with a single energy source.

Thailand's growing energy demand, coupled with a desire to reduce reliance on traditional fossil fuels, presents a significant opportunity for LNG. The country can diversify its energy mix by incorporating more LNG into its supply, reducing dependence on oil and coal. This diversification enhances energy security and sustainability.


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Based on lng infrastructure, the LNG Regasification Facilities segment is expected to dominate the market during the forecast period. Thailand has several LNG regasification facilities to facilitate the import and use of LNG. Map Ta Phut LNG Terminal is one of the primary LNG regasification facilities in Thailand. PTT LNG Terminal is another important LNG import and regasification facility in the country. Maptaphut Satellite Terminal extension of the Map Ta Phut LNG Terminal. The Energy Regulatory Commission (ERC) in Thailand regulates the LNG market and plays a key role in determining pricing and market rules. Thailand has been working on regulatory frameworks to encourage private sector participation in the LNG industry. The LNG market in Thailand can be influenced by geopolitical factors, especially related to LNG supply sources and political relationships with LNG exporting countries. The cost of LNG and the pricing mechanism can significantly impact the LNG market in Thailand. It's important to note that the information and status of LNG regasification facilities can change over time, and it's crucial to refer to up-to-date sources, such as government reports, industry publications, and news, for the latest developments in Thailand's LNG market and its regasification infrastructure.

Based on application, the Industrial segment is projected to dominate the market throughout the forecast period. The industrial sector in Thailand is one of the largest consumers of LNG. Industries such as petrochemicals, steel, chemicals, and manufacturing use LNG for various applications, including as a feedstock and fuel for their operations. The petrochemical sector plays a significant role in the demand for LNG. LNG is used as feedstock and fuel in various chemical processes, including ethylene production. Access to reliable LNG infrastructure, including regasification facilities and distribution networks, is crucial for industrial users. The industrial segment presents substantial growth potential for the Thailand LNG market. Industrial users are responsive to market dynamics, including fluctuations in LNG prices and the availability of supply. As industries in Thailand and globally become more focused on sustainability and energy efficiency, LNG's role in meeting their energy needs is likely to evolve.


Key market players in the Thailand LNG Market are:-

  • PTT Public Company Limited
  • EGAT (Electricity Generating Authority of Thailand)
  • Bangchak Corporation
  • IRPC (IRPC Public Company Limited)
  • Thai Oil Public Company Limited
  • SCG (The Siam Cement Group)
  • Ratch Group
  • Global Power Synergy Public Company Limited (GPSC)
  • BCPG Public Company Limited
  • Glow Energy Public Company Limited      


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“The Thailand LNG Market in Bangkok is poised to be the dominant force in the industry. The Thai government has implemented policies and incentives to support LNG adoption, including tax breaks, reduced import tariffs, and financial support for LNG infrastructure development. These measures create a conducive environment for businesses and investors to participate in the LNG market.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Thailand LNG Market Segmented By LNG Infrastructure (LNG Liquefaction Plants, LNG Regasification Facilities and LNG Shipping), By Product Type (Residential, Commercial and Industrial), By Region, and By Competition, 2018-2028,” has evaluated the future growth potential of Thailand LNG Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Thailand LNG Market.



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