Thailand LNG Market to Grow at 7.2% till 2025
Declining domestic production and
decreasing import of natural gas from Myanmar, coupled with growing demand for
electricity and stable prices of LNG to drive Thailand LNG market through 2025
According to
TechSci Research report “Thailand
LNG Market
Demand & Supply Analysis, By Region, By Application, By LNG Terminal,
Competition Forecast and Opportunities, 2011-2025”, LNG market in the country is projected to exhibit a CAGR 7.2%
during 2016-2025, due increasing addition of LNG based power plants and rising LNG
demand from petrochemical industry in the country. Moreover, Thailand is expected to invest around USD1.5 billion
in Mozambique LNG project at Rovuma by 2021, which is anticipated to supply up to
3.6 MMT of LNG till 2021 to Thailand. Thus, growing urbanization and increasing
industrialization are expected to positively influence Thailand LNG market
during 2016-2025.
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Bangkok, Central and Western regions dominated
Thailand LNG market in 2015, owing to increasing use of LNG for power generation
owing to high population density and presence of CNG filling stations in these regions.
These regions include the largest natural gas power generation plants in the
country and are well connected through pipelines, which is further fueling demand
for LNG from these regions. Bulk of LNG is blended with piped natural gas and
supplied to power plants, industrial consumers and CNG refilling stations.
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“LNG supply market
in the country is anticipated to grow as PTT LNG terminal is expected to double
its import handling capacity to 10 MMTPA by 2018. Moreover, easy availability of LNG from Qatar,
Australia and the United States etc., are expected to aid growth in Thailand LNG
market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Thailand LNG Market Demand
& Supply Analysis, By Region, By Application, By LNG Terminal, Competition
Forecast and Opportunities, 2011-2025”
has evaluated the LNG market in Thailand and provides statistics
and information on market structure, industry behavior and trends. The report
includes market projections and potential demand forecasting. The report intends
to provide cutting-edge market intelligence and help decision makers to take
sound investment evaluation. Besides, the report also identifies and analyzes
emerging trends along with essential drivers, challenges, and opportunities
available in LNG market in the Thailand.
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