Market Size of Thailand Oil And Gas Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Volume (2024) | 238.73 Thousand barrels per day |
Market Volume (2029) | 266.55 Thousand barrels per day |
CAGR (2024 - 2029) | 2.33 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Thailand Oil and Gas Market Analysis
The Thailand Oil And Gas Market size is estimated at 238.73 Thousand barrels per day in 2024, and is expected to reach 266.55 Thousand barrels per day by 2029, growing at a CAGR of 2.33% during the forecast period (2024-2029).
- Over the medium term, factors such as the increasing natural gas pipeline capacity and the demand for petroleum products are expected to drive the Thailand oil and gas market during the forecast period.
- On the other hand, the country's new plans to transition towards renewable energy sources might hinder the Thailand oil and gas market.
- Nevertheless, discovering new oil and gas fields is expected to create several opportunities for the Thailand oil and gas market during the forecast period.