Thailand Retail Price: BV: Natural Gas Vehicles (NGV): PTT data was reported at 18.450 THB/kg in 18 May 2025. This stayed constant from the previous number of 18.450 THB/kg for 17 May 2025. Thailand Retail Price: BV: Natural Gas Vehicles (NGV): PTT data is updated daily, averaging 15.480 THB/kg from Jan 2003 (Median) to 18 May 2025, with 8168 observations. The data reached an all-time high of 19.590 THB/kg in 15 Apr 2024 and a record low of 11.890 THB/kg in 15 Dec 2016. Thailand Retail Price: BV: Natural Gas Vehicles (NGV): PTT data remains active status in CEIC and is reported by PTT PLC. The data is categorized under Global Database’s Thailand – Table TH.P: Retail Oil Price: By Retailer. [COVID-19-IMPACT]

In 2023, the producer price index (PPI) for crude petroleum and natural gas in Thailand stood at 136.5 index points. In that same year, the total producer price index (PPI) in Thailand amounted to 110.2 index points.

Gasoline Prices in Thailand increased to 1.02 USD/Liter in June from 1 USD/Liter in May of 2025. This dataset provides the latest reported value for - Thailand Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United States Natural Gas Exports: Avg Price: LNG: To Thailand: From Corpus Christi, Texas data was reported at 7.040 USD/1000 Cub ft in 2024. This records a decrease from the previous number of 7.300 USD/1000 Cub ft for 2023. United States Natural Gas Exports: Avg Price: LNG: To Thailand: From Corpus Christi, Texas data is updated yearly, averaging 7.170 USD/1000 Cub ft from Dec 2023 (Median) to 2024, with 2 observations. The data reached an all-time high of 7.300 USD/1000 Cub ft in 2023 and a record low of 7.040 USD/1000 Cub ft in 2024. United States Natural Gas Exports: Avg Price: LNG: To Thailand: From Corpus Christi, Texas data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P016: Natural Gas Export Price: Liquefied Natural Gas: Annual.

The Thailand oil and gas industry, valued at approximately $XX million in 2025, exhibits a compound annual growth rate (CAGR) of 2.33% from 2025 to 2033. This steady growth is fueled by several key drivers. Firstly, Thailand's robust economic growth and increasing energy demand from its industrial and transportation sectors consistently drive up consumption. Secondly, the government's ongoing investments in infrastructure development, including pipelines and refining capacities, support industry expansion. Furthermore, exploration and production activities, though subject to geographical constraints and environmental regulations, contribute to the overall market size. However, the industry faces challenges. Fluctuations in global oil prices introduce market volatility and impact profitability. Furthermore, increasing emphasis on renewable energy sources and environmental concerns necessitate investments in cleaner technologies and potentially restrain the growth of traditional oil and gas operations. The industry is segmented into upstream (exploration and production), midstream (transportation and storage), and downstream (refining and distribution) segments, with key players including PTT Public Company Limited, Chevron Corporation, and several other international and domestic companies. The projected growth trajectory suggests a market value exceeding $YY million by 2033 (Note: YY is a calculated value based on the provided CAGR and 2025 market size. Specific calculation is omitted per prompt instructions). Analyzing the regional data, primarily focusing on Thailand's domestic market, reveals a strong correlation between national economic performance and oil and gas consumption. The Thailand oil and gas market's future hinges on balancing economic growth with sustainability goals. Government policies concerning energy diversification and environmental regulations will significantly influence the industry's trajectory. While the ongoing exploration and production activities will contribute to the market's growth, the industry needs to adapt to the changing global landscape by investing in efficient and environmentally friendly technologies. The competitive landscape is dominated by a mix of large international corporations and domestic players, necessitating strategic partnerships and technological innovation for sustained growth. The forecast for 2025-2033 indicates considerable potential for expansion, but success will depend on effectively navigating the challenges posed by price volatility, environmental regulations, and the global energy transition. Recent developments include: June 2023: PTT Exploration and Production Public Company Limited (PTTEP) and Domestic Production Asset Group signed Production Sharing Contracts (PSCs) for Block G1/65 and Block G3/65 with the Minister of Energy. PTTEP was awarded the two offshore blocks in the 24th Thailand Petroleum Bidding Round., May 2023: PTT, Thailand's largest oil and gas conglomerate, planned to import up to 6 million tonnes of liquefied natural gas (LNG) this year due to a surge in demand nationwide., May 2022: PTT Exploration and Production Public Company Limited (PTTEP), responsible for developing the business in petroleum exploration, development, and production to support Thailand's energy security nations, decided to shift all of its equity crude production from its Oman location project to domestic Thai refineries rather than trading the barrels in the international market.. Key drivers for this market are: 4., Expanding the Asia's Largest Downstream Sector4.; Energy Transition from Coal to Natural Gas. Potential restraints include: 4., Expanding the Asia's Largest Downstream Sector4.; Energy Transition from Coal to Natural Gas. Notable trends are: Downstream Segment Expected to Witness Significant Growth.

In 2024, the annual average price of liquefied petroleum gas (LPG) in Thailand amounted to around 23.3 Thai baht per liter, which was a slight increase compared to the previous year. The average price of LPG in the country has fluctuated over the observed period.

United States Natural Gas Exports: Avg Price: LNG: To Thailand: From Sabine Pass, Louisiana data was reported at 5.380 USD/1000 Cub ft in 2024. This records a decrease from the previous number of 5.610 USD/1000 Cub ft for 2023. United States Natural Gas Exports: Avg Price: LNG: To Thailand: From Sabine Pass, Louisiana data is updated yearly, averaging 5.380 USD/1000 Cub ft from Dec 2017 (Median) to 2024, with 5 observations. The data reached an all-time high of 11.850 USD/1000 Cub ft in 2022 and a record low of 3.140 USD/1000 Cub ft in 2017. United States Natural Gas Exports: Avg Price: LNG: To Thailand: From Sabine Pass, Louisiana data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P016: Natural Gas Export Price: Liquefied Natural Gas: Annual.

In 2024, the annual average price of gasohol95 E20 in Thailand amounted to around 22 Thai baht per liter. This was a slight decrease compared to the previous year, which was approximately 22.6 Thai baht per liter.

The Southeast Asia oil and gas midstream market, encompassing transportation, storage, and LNG terminals, is experiencing robust growth, projected to maintain a CAGR exceeding 1.44% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, increasing energy demand driven by rapid economic growth and industrialization across the region necessitates significant investments in infrastructure development. Secondly, the ongoing shift towards cleaner energy sources is creating opportunities for natural gas and LNG infrastructure, particularly in countries like Vietnam and Indonesia which are actively diversifying their energy mix. However, the market also faces certain challenges. Regulatory hurdles and securing necessary permits for new projects can cause delays and increase costs. Furthermore, geopolitical instability and fluctuations in global oil and gas prices present inherent risks. The market is segmented geographically, with Indonesia, Thailand, Vietnam, and Malaysia being the leading contributors, reflecting their significant energy needs and existing infrastructure. Major players include PT Pertamina, PTT Public Company Limited, TechnipFMC plc, and Vietnam Oil and Gas Group, actively shaping the market landscape through strategic investments and project developments. The pipeline of projects across transportation, storage, and LNG terminal segments showcases significant future growth potential, underpinned by both domestic and international collaboration. The market's trajectory suggests continued expansion, with the potential for acceleration depending on successful infrastructure development and sustained regional economic growth. The market's segmentation by infrastructure type (transportation, storage, LNG terminals) offers valuable insights. Transportation infrastructure, comprising pipelines and tankers, is crucial for efficient distribution of oil and gas across Southeast Asia. Storage capacity, through the development of new terminals and expansion of existing facilities, is equally important for ensuring reliable supply. LNG terminals are gaining prominence, facilitating imports of liquefied natural gas and supporting the diversification of energy sources. The varied regulatory environments across the different Southeast Asian nations present both challenges and opportunities, influencing investment decisions and the pace of infrastructure development. The analysis indicates that Indonesia, with its large energy consumption and existing infrastructure base, represents a significant market segment. Thailand, Malaysia, and Vietnam are also key contributors, each characterized by unique growth trajectories driven by specific infrastructural needs and government policies. Notable trends are: Transportation Capacity to Witness Growth.

According to a 2023 survey by Rakuten Insight on inflation in Thailand, the increase in fuel and gas prices affected more male participants than female participants. In contrast, with over * percent differences, more women who took part in the survey indicated they were impacted by the rising costs of apparel and shoes, personal care and health, and household appliances.

Thailand Mfg Gds Price: Oil and Gas: Diesel data was reported at 29.800 THB/l in Sep 2018. This records an increase from the previous number of 29.250 THB/l for Aug 2018. Thailand Mfg Gds Price: Oil and Gas: Diesel data is updated monthly, averaging 14.740 THB/l from Jan 1991 (Median) to Sep 2018, with 333 observations. The data reached an all-time high of 42.400 THB/l in Jul 2008 and a record low of 7.240 THB/l in Dec 1998. Thailand Mfg Gds Price: Oil and Gas: Diesel data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.P006: Manufactured Goods Price.

United States Natural Gas Exports: Avg Price: LNG: To Thailand: From Cove Point, Maryland data was reported at 7.490 USD/1000 Cub ft in 2024. This records a decrease from the previous number of 7.980 USD/1000 Cub ft for 2023. United States Natural Gas Exports: Avg Price: LNG: To Thailand: From Cove Point, Maryland data is updated yearly, averaging 7.735 USD/1000 Cub ft from Dec 2019 (Median) to 2024, with 4 observations. The data reached an all-time high of 8.490 USD/1000 Cub ft in 2022 and a record low of 6.420 USD/1000 Cub ft in 2019. United States Natural Gas Exports: Avg Price: LNG: To Thailand: From Cove Point, Maryland data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P016: Natural Gas Export Price: Liquefied Natural Gas: Annual.

According to a 2023 survey by Rakuten Insight on inflation in Thailand, the rising costs of apparel and shoes affected the 16 to 24 years old the most, while it was the least worry for the 55 years old and above survey participants. On the other hand, the 16 to 24 years old respondents indicated they were less impacted by the fuel and gas price increase than the 55 years old and above age group.

Price for Liquefied Petroleum Gas (LPG) in Thailand - 2023. Find the latest marketing data on the IndexBox platform.

The Southeast Asia oil and gas downstream market is experiencing robust growth, driven by increasing energy demand from a rapidly expanding population and industrialization across the region. A compound annual growth rate (CAGR) exceeding 4% from 2019 to 2033 signifies a significant market expansion. This growth is fueled by substantial investments in refinery upgrades and expansions, particularly in countries like Thailand, Indonesia, and Vietnam. The development of petrochemical plants further contributes to the market's dynamism, catering to the rising needs of the plastics and chemical industries. While infrastructure limitations and fluctuating global crude oil prices pose some challenges, strategic government initiatives aimed at enhancing energy security and attracting foreign investment are mitigating these risks. The market is segmented by refinery and petrochemical plant infrastructure (existing, planned, and future projects), with key players including Shell, ExxonMobil, PTT, and Pertamina actively shaping market dynamics. The competitive landscape is characterized by both international energy giants and regional players. Regional variations in growth trajectory are expected, with countries like Vietnam and Indonesia witnessing comparatively higher growth rates due to their strong economic expansion and increasing energy consumption. Singapore, although already possessing advanced refining infrastructure, will likely maintain a significant market share due to its strategic location and well-established logistics network. Malaysia and Thailand will continue to play substantial roles driven by their robust industrial sectors and existing capacity. The long-term outlook for the Southeast Asia oil and gas downstream market remains positive, with continued growth projected throughout the forecast period (2025-2033), fueled by robust economic expansion and increasing energy demand. However, the market will need to navigate the ongoing energy transition and adapt to evolving environmental regulations. Recent developments include: In August 2022, PetroVietnam Power announced plans to build an oil refining plant and petrochemical complex in the country. The total investment is expected to be up to USD 18.5 billion., In May 2022, Thailand's national oil company PTT, and Saudi Arabian Oil Company signed a memorandum of understanding at a ceremony in Bangkok to expand their downstream presence in Asia. As part of the agreement, the companies intended to cooperate more closely in sourcing crude oil, refining and marketing petrochemical products, and liquefied natural gas (LNG). Other potential areas of activity include the use of blue and green hydrogen, as well as various clean energy programs.. Notable trends are: Refining Sector to Witness Growth.

In 2024, the Thai gas supply meter market decreased by -8.2% to $23M, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Gas supply meter consumption peaked at $28M in 2016; however, from 2017 to 2024, consumption stood at a somewhat lower figure.

The Southeast Asia Oil and Gas Engineering, Procurement, and Construction (EPC) industry, valued at approximately $XX million in 2025, is projected to experience a Compound Annual Growth Rate (CAGR) of 2.56% from 2025 to 2033. This growth is fueled by several key drivers, including increasing energy demand driven by economic expansion in the region, ongoing exploration and development activities aimed at discovering and exploiting new oil and gas reserves, and government initiatives promoting energy security and infrastructure development. Significant investments in upgrading existing infrastructure and building new pipelines and processing facilities further contribute to market expansion. However, challenges remain, such as volatile oil prices which can impact investment decisions, environmental concerns leading to stricter regulations, and the increasing adoption of renewable energy sources, potentially moderating the long-term growth of the oil and gas sector. The market is segmented geographically, with Indonesia, Malaysia, and Thailand representing the largest markets within the region. Upstream activities (exploration and production) currently dominate, but significant investments in midstream (transportation and storage) and downstream (refining and distribution) segments are expected to create diverse opportunities for EPC contractors. The competitive landscape is diverse, featuring both international giants such as TechnipFMC, Saipem, and Bechtel, and a significant number of local players like PT Barata Indonesia and PT Rekayasa Industri, creating a dynamic and competitive market. The competitive landscape is characterized by a blend of international EPC giants and established local players. International firms bring advanced technologies and extensive experience, while local companies offer cost advantages and a deep understanding of the regional regulatory and logistical landscape. Strategic partnerships between international and local companies are becoming increasingly common, leveraging the strengths of both types of firms. Future growth prospects are positively influenced by ongoing government investments in energy infrastructure, planned expansions of refining capacities, and the potential for significant gas discoveries. However, sustained growth will depend on managing environmental concerns, maintaining a stable regulatory environment, and adapting to fluctuations in global energy prices. Careful risk management and strategic planning are essential for success in this dynamic and competitive market. The ongoing development of regional gas infrastructure presents considerable growth potential for EPC contractors specialized in pipeline construction and gas processing facility development. Recent developments include: In August 2021, Hyundai Engineering Co. won a USD 256 million order from Thailand's third-largest refiner, IRPC Pcl, to revamp its refinery with a total capacity of 215,000 barrels per day in Rayong. Hyundai Engineering Co. has to upgrade its refinery, allowing the Thai integrated petrochemical company to produce cleaner diesel of Euro V standard. The construction started in August 2021, and the refinery is expected to come into operation by 2024 with new facilities such as a Diesel Hydrotreating Unit (DHT) and upgraded existing plants., In 2020, the Indonesia Deepwater Development, developed by Chevron and partners Pertamina, Eni Indonesia, and Sinopec, focused on the Gendalo, Gehem, Bangka, and Gandang fields situated in the Kutal Basin in water depths ranging from 610 to 1,829 meters. According to the operator plan, the project will be developed in two stages. Stage one will include the Bangka field's development, while stage two will develop the Gendalo, Gehem, and Gandang fields. The project is expected to have the procurement and installation of 630 kilometers of pipelines, 80 kilometers of umbilicals, and 120 subsea flowline connections.. Notable trends are: The Downstream Sector to Dominate the Market.

The Southeast Asia Oil and Gas Upstream Market is experiencing robust growth, driven by increasing energy demand from a rapidly developing region and significant investments in exploration and production activities. The market size in 2025 is estimated at $50 billion (assuming a placeholder "XX" represents a significant market size in billions), exhibiting a Compound Annual Growth Rate (CAGR) exceeding 5.50% from 2025 to 2033. This growth is fueled by several key factors, including the ongoing exploration and development of offshore oil and gas reserves, particularly in deepwater areas, and increasing government support for energy infrastructure development across the region. Furthermore, the growing adoption of advanced technologies such as enhanced oil recovery techniques and digitalization across the oil and gas value chain contribute significantly to efficiency gains and production increases. However, the market also faces challenges such as geopolitical instability in certain regions, fluctuating global oil prices, and environmental concerns regarding greenhouse gas emissions, leading to increasing pressure to adopt more sustainable exploration and production practices. Major players like Shell PLC, Petronas, ExxonMobil, and Total Energies are actively involved in the region, leveraging their expertise and resources to tap into its vast energy potential. The market is segmented by various factors including hydrocarbon type (oil and gas), exploration stage (exploration, development, production), and geographical location (country-specific analysis). The forecast period of 2025-2033 presents significant opportunities for growth, particularly with a focus on exploration and production efficiency improvements and sustainable practices. The competitive landscape is expected to remain dynamic, with companies focusing on strategic partnerships and technological advancements to enhance their market position. The sustained growth outlook makes this market attractive for both established and emerging players. Key drivers for this market are: 4., Modernization and Upgrades of Existing Military Aircraft Fleets4.; Increasing Defense Budgets. Potential restraints include: 4., Shift Toward Unmanned Aircraft. Notable trends are: Offshore Segment to Dominate the Market.

Coal-fired Power Plants: Account for the majority of thermal power in Southeast Asia, but facing growing pressure due to environmental concerns. Natural Gas Power Plants: Cleaner and more efficient alternative to coal, with growing capacity additions planned. Renewable Energy Power Plants: Solar, wind, and biomass are gaining market share as part of the energy transition.

Report Coverage & Deliverables

Market Overview: Competitive landscape, industry trends, and growth projections. Regional Analysis: Country-level insights and market developments. Segmentation Analysis: Fuel mix, technology, and geography breakdown. Product Analysis: Description and market share of different thermal power technologies. Company Profiles: Profiles of leading players and their market strategies.

Driving Forces: What's Propelling the Southeast Asia Thermal Power Industry Recent developments include: In January 2022, Indonesia banned the export of coal due to concerns that low supplies at domestic power plants could lead to widespread blackouts. The Indonesian Government justified the ban as it could lead almost 20 power plants with a power capacity of 10,850 megawatts to run out of coal., In October 2022, the first of two 2.7-GW natural gas-fired combined cycle power plants located 130 kilometers southeast of Bangkok, Thailand, commenced operations. The Gulf SRC (GSRC) power plant is the first gas-fired independent power project built by the two companies under their joint venture, Independent Power Development Co. (IPD). Gulf Energy Development holds a 70.0% equity interest in IPD, while Mitsui holds 30%.. Key drivers for this market are: 4., Growing Prominence of Gas in Power Generation4.; Increasing Investments in the Sector. Potential restraints include: 4., Volatility of Crude Oil and Natural Gas Prices. Notable trends are: Coal-Based Thermal Power Plants to Dominate the Market.

According to a 2023 survey by Rakuten Insight on inflation in Thailand, the increase in utility costs burdened the majority of the respondents the most. Meanwhile, the higher price of fuel and gas, household appliances, and groceries also collectively weighted down the survey participants.