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Thailand's Key Energy Statistics world rank
Total Primary Energy Consumption
2014
5.145
Quadrillion Btu
21
Total Primary Energy Production
2014
2.64
Quadrillion Btu
33
Dry Natural Gas Consumption
2014
1,898
Billion Cubic Feet
13
Dry Natural Gas Production
2014
1,488
Billion Cubic Feet
20
Total Biofuels Production
2014
39
Thousand Barrels Per Day
8
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Analysis - Energy Sector Highlights Last updated: March 2016

  • While Thailand is an oil and natural gas producer, 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 few years, high demand growth over the past two decades led the country to become a net importer of natural gas in 2000.
  • Recent political unrest have stalled government incentives to attract more investment for upstream activities and led to a reduction in upstream investment by PTT. After several delays, Thailand plans to auction new licenses for 29 oil and natural gas blocks in the latter half of 2016.
  • 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, investors are awaiting potential changes to the Petroleum Act, which are necessary to extend current concessions held by foreign investors without disruption to their exploration investment. The new government is considering new contract and fiscal terms for oil and natural gas concessions that would allow Thailand’s government to retain greater production revenues, posing an upside risk to current upstream foreign investment in the country.
  • Petroleum and other liquids account for the greatest share of the country's annual primary energy consumption (39% in 2013), followed closely by natural gas (28%). Biomass and solid waste represents 18%. Of total consumption, coal accounts for roughly 13% and other renewables, including hydroelectricity, represents 1%, according to the International Energy Agency estimates.
  • As of December 2015, Thailand held 405 million barrels of proven crude oil reserves, a decrease of 56 million barrels from the prior year, according to the Oil and Gas Journal (OGJ). Roughly 75% of Thailand's crude oil comes from offshore fields found in the Gulf of Thailand.

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Data