Thailand’s dependence on imported liquefied natural gas (LNG) continues to expand despite soaring global prices. Significantly, the increasing demand for LNG is being exacerbated by production declines across ageing domestic fields, particularly Erawan.
Data from the Energy Policy and Planning Office (EPPO) show LNG imports during the first two months of 2022 totalled 1,912 million cubic feet per day (mmcfd), up 26% from the same period a year ago, with February’s imports surging by 56% on an annual basis, despite spot prices in the two months being 2.6
