Thailand Oil and Gas Sector Report 2024-2025

Thailand is the third largest producer of crude oil and natural gas in ASEAN. The oil and gas sector benefits from Thailand's strong economic fundamentals, as energy plays a critical role in sustaining its growth. However, with consumption on the rise, the depletion of domestic oil and gas reserves has become a significant challenge. As a result, the country is becoming more reliant on imports to meet rising demand. Imports made up around 93% of crude oil and 43% of natural gas consumption in 2023. This growing dependency has prompted the Thai government to liberalise the sector to attract more resources and reduce reliance on fossil fuel imports. Thailand boasts the sixth-largest domestic oil and gas market in Asia. In 2023, oil and gas made up 83% of the country's total primary energy consumption, with natural gas contributing 42% and petroleum products 41%.

This report provides a complete and detailed analysis of the "Oil exploration" sector for Thailand. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Oil exploration" sector in Thailand
• Crystallise the forces both driving and restraining this sector in Thailand
• Ascertain Thailand’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Thailand.
• Build a clear picture of trends, output and consumption for specific sub-sectors