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

- Link: https://www.thailand-business-news.com/markets/commodities/141099-thailands-gas-demand-to-increase-by-nearly-6-in-the-next-ten-years
- Published: 2024-05-15T20:25:25+07:00
- Author: Boris Sullivan

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 energy demand, especially in the power sector. Thailand faces potential
volatility in gas prices due to a shortfall in contracted LNG supply, emphasizing
the need for new infrastructure and long-term procurement strategies.

### Related**Posts**

###  󠀁[Thailand Business News — Morning Briefing](https://www.thailand-business-news.com/banking/337929-thailand-business-news-morning-briefing-5)󠁿

###  󠀁[Thailand Business News — Morning Briefing | 29 October 2026 | Thailand, ASEAN and Global Markets](https://www.thailand-business-news.com/markets/commodities/337096-thailand-business-news-morning-briefing-29-october-2026-thailand-asean-and-global-markets)󠁿

###  󠀁[Thailand, ASEAN and Asian Markets — Morning Briefing](https://www.thailand-business-news.com/china/336918-thailand-asean-and-asian-markets-morning-briefing)󠁿

###  󠀁[Anthropic’s S-1 filing sparks global AI rebound, sending Asian tech stocks soaring](https://www.thailand-business-news.com/markets/336880-anthropics-s-1-filing-sparks-global-ai-rebound-sending-asian-tech-stocks-soaring)󠁿

ADVERTISEMENT

The country could benefit from partnerships with reliable solution providers like
PETRONAS, a global leader in LNG production with a strong track record in supplying
Asian markets. PETRONAS also demonstrates a commitment to sustainable practices,
aligning with Thailand’s vision for a greener future.

PETRONAS, originally an energy supplier for Malaysia’s domestic market, has extended
its reach to support key Asian economies such as Japan, China, and Korea. This expansion
highlights PETRONAS’s strong grasp of Asian market dynamics and its ability to provide
customized delivery solutions along with flexible commercial and contractual terms.