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Thailand's Key Energy Statistics world rank
Total Primary Energy Consumption
Quadrillion Btu
Total Primary Energy Production
Quadrillion Btu
Dry Natural Gas Consumption
Billion Cubic Feet
Dry Natural Gas Production
Billion Cubic Feet
Total Biofuels Production
thousand barrels per day
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Map of Thailand
Map of Thailand

Analysis - Energy Sector Highlights Last updated: February 2017

  • Thailand is an oil and natural gas producer, however, the country increasingly relies on hydrocarbon imports to sustain its rising fuel demand. Domestic crude oil reserves are declining in Thailand, and the country imports a significant share of its total oil consumption. Even though Thailand’s natural gas production has increased substantially in the last two decade, high demand growth and access to imports led the country to become a net importer of natural gas in 2000.
  • Political crises, massive flooding, and indecision on revisions to the Petroleum Act have stalled government incentives in recent years to attract more investment for upstream activities. In addition, lower oil prices since late 2014 have reduced upstream capital expenditure by various state and international energy companies and have led to a reduction in exploration investment. After several delays to a bidding round for 29 oil and gas blocks, Thailand plans to auction key contracts for the Erawan and Bongkot fields held by Chevron and Thailand’s PTTEP by 2018. These contracts expire starting in 2022.
  • Thailand’s Petroleum Act and the Petroleum Income Tax Act enacted in 1971, together with subsequent amendments, provide incentives to concessionaires engaged in upstream activities. However, the government proposed changes to the Petroleum Act to introduce new contract and fiscal terms for oil and natural gas concessions that would allow Thailand’s government to retain greater production revenues. The Petroleum Committee is in the process of finalizing the amendments to the Petroleum Act and is expected to complete the process in 2017.
  • Petroleum and other liquids account for the greatest share of the country’s annual primary energy consumption (40% in 2014), followed closely by natural gas (28%). Thailand is well-endowed with biomass and solid waste resources (representing 19% of primary energy consumption) that are used in both traditional residential uses and in the industrial and power generation sectors. Of total energy consumption, coal accounts for roughly 12% and other renewables, including hydroelectricity, represents 1%, according to the International Energy Agency estimates.
  • As of December 2016, Thailand held 396 million barrels of proven crude oil reserves, down slightly by 9 million barrels from the prior year, according to the Oil and Gas Journal (OGJ). Most of Thailand's crude oil and condensates are from offshore fields in the Gulf of Thailand.

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