Key Market Indicators
Lao Energy Supply is projected to increase significantly by 2028, reaching approximately 7.8 million tonnes of oil equivalent. This marks a rise from about 6.7 million tonnes of oil equivalent recorded in 2023. The average annual growth rate for this period is forecasted at 2.5%. Historically, Lao energy supply has seen a steady increase, with an average year-on-year growth rate of 3.1% since 2005. In 2023, Laos was ranked 24th globally in energy supply. Mongolia, with a similar supply of 6.7 million tonnes of oil equivalent, was just ahead. On the global stage, France, Saudi Arabia, and the United Kingdom secured the second, third, and fourth positions, respectively, in terms of energy supply.
