Thailand's planned LNG import terminal at Rayong, expected to commence operation s in 2023, will enable the government to import more LNG to manage falling domestic gas production and limit risks to the security of gas supply from Myanmar. Strong consumer demand for gasoline and construction demand for diesel, combined with low oil prices, will provide the impetus for Thailand's refiners to maximise production over the next two years and raise the country's refined fuels net exports .Latest Updates And Key ForecastsThailand's crude oil production will peak in 2016 as peak production at the Nong Yao and Wassana oilfields adds to the country's production. It will decline thereafter as falling production from the country's mature fields weighs on overall output.Domestic gas production fell for the first time in 15 years. We maintain our forecast for domestic gas production to be on a downtrend, as weak LNG prices will encourage PTT to substitute some gas purchases from domestic sources with LNG imports.Strong consumer demand for gasoline and construction demand for diesel, combined with low oil prices, will provide impetus for Thailand's refiners to maximise production over the next two years and raise the country's refined fuels net exports.Thailand's Energy Policy Administration Committee approved a plan by state-owned PTT Public Company to build a 5.0mn tpa LNG import terminal at Rayong by 2023.The 21st licensing round is expected to kick off in mid-2016. The licensing round will offer 23 onshore and six offshore blocks to tap an estimated volume of 28.3bn to 151.6bcm of natural gas and 20-50mn barrels of crude oil.
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The Thailand Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Thailand including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.
BMI's Thailand Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Thai oil and gas industry.
Benchmark BMI's independent oil and gas industry forecasts for Thailand to test consensus views - a key input for successful budgeting and strategic business planning in the Thai oil and gas market.
Target business opportunities and risks in the Thai oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Thailand.
Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
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