Southeast Asia · THA
Thailand
A gas-fired manufacturer whose Gulf of Thailand fields are in decline. LNG is the replacement, not coal.
Oil production
0.2 mb/d
1.3 mb/d demand
Net oil
-1.1 mb/d
Import gap
Gas production
18 bcm
Net -30 bcm
O&G rent
0.6%
Share of GDP
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
0 bn bbl
Gas reserves
0.2 tcm
Refining
1.2 mb/d
LNG
12 bcm import
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil43%
- Gas57%
Economy
PTT’s import bill is a current-account line. Tourism oil demand and petrochemicals at Map Ta Phut keep the crude slate sticky.
- GDP
- $0.5 tn
- Population
- 72.0 m
- Oil intensity
- 0.9 bbl /$1k
- Oil & gas rent
- 0.6% GDP
- Hydrocarbon trade
- 4.8% GDP
- Fiscal breakeven
- —
- $30 oil shock
- -22.9 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 1.7 mb/d (net -1.5) versus NZE 1.0 mb/d (net -0.9).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 1.3 | 1.5 | 1.7 | 2.0 |
| Net Zero 2050 | 1.3 | 1.3 | 1.0 | 0.4 |
| Current Policies | 1.3 | 1.5 | 1.8 | 2.2 |