Thailand's gas production is forecasted to significantly decline from 2024 to 2028. The production value is predicted to drop from 1.93 Billion Cubic Feet Per Day (BCF/D) in 2024 to 0.87 BCF/D in 2028. Notably, the year-on-year variations indicate a consistent negative trend: a 15.0% decrease from 2024 to 2025, an 17.1% reduction from 2025 to 2026, a further 18.4% decline from 2026 to 2027, and another 21.6% fall moving into 2028.
This downward trend, over the period, yields a Compound Annual Growth Rate (CAGR) of approximately -16.8%. In comparison to actual 2023 values, the extent of reduction amplifies the shrinking trajectory in Thailand's gas production capacities.
Future trends to watch for include potential impacts of government policies on energy diversification, technological advancements aimed at enhanced production efficiency, and the influence of global energy market dynamics on Thailand’s gas sector.
