Gas production hikes and regional buying to cut LNG imports

Quick Summary:

Thailand plans to increase domestic gas production and renew gas purchases from neighbouring countries to reduce its dependence on liquefied natural gas (LNG) as gas demand is expected to increase in Asia, say energy authorities and analysts.

Gas demand in Thailand is expected to rise by 1.7% to 4,945 million standard cubic feet per day (MMSCFD) by 2030, up from an estimate of 4,859 MMSCFD for 2024, said Mr Wachara.

Having LNG as an energy production supplement helps maintain short-term flexibility and long-term stability of supply, he said.

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Article Details

Category: EconomyBusiness

Markets: ThailandMalaysiaMyanmarUkraine

Topics: Energy Sector Development Natural Thailand Production Increase Plans National Power Plan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-25 @ 06:14:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 538 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21376683

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