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Thailand energy report

This analysis includes a comprehensive Thailand energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.

Thailand energy report
Update: 
June 2021
Format: 
4 files (PDF report, 3 Excel files)
Pages: 
33 (Report only)
Delivery: 

Immediate by e-mail

Price: 
 990 € 

Price without VAT. Depending on your statute and location, VAT might be applicable. Get in touch with us for more information.

After validation, you will immediately receive 4 files by email (one pdf report and 3 excel files containing the datasets).

 

Highlights

  • The country targets a share of renewables in final energy consumption of 30% in 2036.
  • The oil and gas sector is dominated by national company PTT.
  • State-owned electricity company EGAT dominates power generation, with 65% of total capacity.
  • Gas production has decreased by 30% since 2014.
  • Natural gas is by far the first energy source for power generation (65% in 2020).
  • An Oil Fund is in place to mitigate the impact of fluctuations in international oil prices.
  • Electricity prices have increased since 2017 due to higher fuel costs.
  • Energy consumption dropped by 8% in 2020 after a slow growth from 2013 to 2019 at 1%/year.
  • Oil products still account for 54% of final energy consumption.
  • More than half of the capacity is still expected from gas in 2037 and 35% from renewables.
  • LNG infrastructure development and market liberalisation are strategic priorities for Thailand to increase gas imports and reserves.

-10%

energy independence since 2010

+10%

share of renewables in power mix since 2010

30%

renewables in final consumption by 2036

Abstract

  • Institutions & Energy Policy

    The Ministry of Energy is responsible for energy policy development through the Energy Policy and Planning Office (EPPO). The National Energy Policy Committee (NEPC), chaired by the Prime Minister, is the decision-making body.

  • Energy Companies

    Oil:

    Petroleum Authority of Thailand (PTT) is the national oil company (63.5% public, of which 51.1% directly and 12.4% through the Vayupak Fund).

  • Energy Supply

    Oil:

    The production of liquid hydrocarbons (crude oil and NGL) has been decreasing slightly since 2016 (-4%/year). It increased by 6%/year between 2000 and 2016.

    Except for 2019, imports and exports of oil products were largely balanced. The country was a net exporter of oil products in 2020((6.4 Mt).

  • Energy Prices

    Oil:

    Motor fuel prices are deregulated. Unleaded premium gasoline stood at US$1.14/l in 2019 and diesel at US$0.88/l.

    Motor fuel prices in Thailand are higher than in neighbouring countries (Malaysia, Cambodia, Myanmar).

    A state-run oil fund is set to minimize fluctuations in domestic retail fuel prices: the fund can absorb 50% of any retail fuel price increase.

  • Energy Consumption

    Per capita energy consumption dropped in 2020 by 8% to 1.8 toe; per capita electricity consumption also decreased in 2020 down to 2 600 kWh (-4%).

    Total energy consumption increased at a rapid pace between 2000 and 2013 (+4.7%/year), but has noticeably slowed down from 2013 to 2019 (+1%/year). In 2020 the energy consumption plummeted by 8 % to 129 Mtoe.

  • Issues & Prospects

    Thailand Integrated Energy Blueprint (TIEB) 2015 defines the energy trajectory until 2036. Oil demand is expected to increase by 3.3%/year until 2036 in the BAU scenario.

Table of Contents

  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

Download the Table of Contents

List of Graphs

Below is a list of the Thailand energy market report graphs:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2020, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2020, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2020, %)
  • GRAPH 9: Final consumption market share by sector (2020, %)

List of Tables

In the Thailand energy market report you will find the following tables:

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

Data (Excel Sheet)

The Thailand energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Thailand country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Thailand Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Thailand energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

The Thailand country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.

Data included in the excelsheet:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.

 

Projections Data (Excel Sheet)

The Thailand country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.

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