Thailand Oil and Gas Sector Report 2025-2026

Thailand ranks as the third-largest producer of crude oil and natural gas within ASEAN, with the sector supported by the country's strong economic fundamentals and the critical role of energy in sustaining growth. Rising import dependence has encouraged the Thai government to liberalise the industry, aiming to attract investment and reduce reliance on fossil fuel imports. These efforts, combined with heightened exploration and production (E&P) activities, have helped stabilise domestic oil and gas production over 2022-2024, with output showing a notable increase in 2024. The country is also home to the sixth-largest domestic oil and gas market in Asia, underscoring its regional significance. According to the Department of Mineral Fuels (DMF), in 2024 oil and gas accounted for 82% of Thailand's total primary energy consumption. Of this, natural gas represented the largest share (42%), followed closely by petroleum products (40%), highlighting the sector's dominant role in the national energy mix.

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