Reference
·Supporting source
Thailand LNG supply by source country (2024)
Qatar ~35%
Thailand's 2024 LNG supply mix was anchored by Qatar (~35% via the long-term Qatargas SPA), Oman (~15%), Australia (~12%), the United States (~12%), Malaysia (~10%), Russia (~6%), and other spot/short-term sources (~10%) per PTT LNG and GIIGNL trade-flow data. Qatari volumes flow under a 20-year sale and purchase agreement signed in 2012 with extensions. US Gulf Coast cargoes have grown materially since 2022 as Cheniere and other Henry Hub-indexed suppliers competed for Asian buyers. Russian volumes are sourced via Yamal LNG cargoes that re-route through Asia after EU sanctions tightened. The diversification reduces single-supplier concentration risk versus 2018 when Qatar accounted for >50% of supply.
Figure in context
Thailand's 2024 LNG supply mix was anchored by Qatar (~35% via the long-term Qatargas SPA), Oman (~15%), Australia (~12%), the United States (~12%), Malaysia (~10%), Russia (~6%), and other spot/short-term sources (~10%) per PTT LNG and GIIGNL trade-flow data. Qatari volumes flow under a 20-year sale and purchase agreement signed in 2012 with extensions. US Gulf Coast cargoes have grown materially since 2022 as Cheniere and other Henry Hub-indexed suppliers competed for Asian buyers. Russian volumes are sourced via Yamal LNG cargoes that re-route through Asia after EU sanctions tightened. The diversification reduces single-supplier concentration risk versus 2018 when Qatar accounted for >50% of supply.
Interpretation notes
What this tells you
Thailand's 2024 LNG supply mix was anchored by Qatar (~35% via the long-term Qatargas SPA), Oman (~15%), Australia (~12%), the United States (~12%), Malaysia (~10%), Russia (~6%), and other spot/short-term sources (~10%) per PTT LNG and GIIGNL trade-flow data. Qatari volumes flow under a 20-year sale and purchase agreement signed in 2012 with extensions. US Gulf Coast cargoes have grown materially since 2022 as Cheniere and other Henry Hub-indexed suppliers competed for Asian buyers. Russian volumes are sourced via Yamal LNG cargoes that re-route through Asia after EU sanctions tightened. The diversification reduces single-supplier concentration risk versus 2018 when Qatar accounted for >50% of supply.
What not to do with it
Values in percent of total LNG cargoes received by PTT LNG. Spot share fluctuates quarter-to-quarter.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand LNG import volume (2020-2024)
EPPO Thailand Energy Statistics; GIIGNL Annual Report 2024; PTT Annual Report 2024
Thailand domestic natural gas production (2020-2024)
Department of Mineral Fuels
Natural gas share of Thailand power generation (2020-2024)
EGAT Annual Report 2024; EPPO Electricity Statistics; Energy Regulatory Commission
Thailand LNG terminal regasification capacity (ranked)
PTT LNG company disclosures; EPPO; Energy Regulatory Commission tariff filings; Gulf Energy Development
PDP 2024 gas-to-power target (2037)
Energy Policy and Planning Office
Thailand draft carbon tax rate (2025-2026)
MoNRE Climate Change Act draft; Excise Department; Thailand Greenhouse Gas Management Organization
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