Southeast Asia Natural Gas and LNG Market Outlook – Supply and Demand Dynamics, Pipelines, Trade Activity and Energy Transition, 2024
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Southeast Asia Natural Gas and LNG Market Overview
Industrial growth and power generation through 2030 will drive the natural gas demand in Southeast Asia. High urbanization and population growth are the main drivers contributing to the demand. Supply levels in the region are forecast to go into deficit, but optimism and confidence remain as a new exploration into gas fields continues. LNG imports have shown growth in the region, especially within Thailand, as they became the largest importer in the region in 2023, and Vietnam continues to invest and increase in its regasification capacity, anticipating the rise in demand for LNG across the region, and thus being proactive.
The Southeast Asia natural gas and LNG market research report offers detailed insights into the supply and demand scenario across the continent. The report enlists active and upcoming natural gas and LNG regasification projects. The Southeast Asian natural gas and LNG market outlook also covers diversification strategies and the impact of the Southeast Asian energy transition policies on the natural gas and LNG sector.
| Key Countries (Natural Gas) | · Malaysia
· Indonesia · Vietnam · Thailand · Singapore |
| Key Sectors (Natural Gas) | · Power Generation
· Industrial · Petrochemical Feedstocks · Upstream Use · Transportation |
| Key LNG Regasification Plants | · Map Ta Phut
· Jurong · Nong Fab · Ilijan · Melaka Floating |
| Leading Companies (Natural Gas) | · PTT Public Co Ltd
· Petroliam Nasional Bhd · PT Pertamina (Persero) · Shell plc · Mubadala Investment Co |
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Southeast Asia Natural Gas and LNG Market Segmentation by Countries
The key countries in Southeast Asia’s natural gas market are Malaysia, Indonesia, Vietnam, Thailand, Singapore, and others. As of 2024, supply is meeting demand in the region, with Malaysia contributing the most natural gas. Intense urbanization and industrial activity are a few of the leading demand growth factors. Malaysia leads the region in the LNG capacity as well.
Southeast Asia Natural Gas Market Analysis by Countries, 2024 (%)
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Southeast Asia Natural Gas Market Segmentation by Sectors
The key sectors in the Southeast Asian natural gas market are power generation, industrial, petrochemical feedstocks, upstream use, and transportation among others. South Asia’s single largest consumer is power generation within the natural gas market. Moreover, natural gas is becoming increasingly more attractive than coal because of the varied demand consumption by different sectors, more versatile energy use, and cleaner burning fuel.
Southeast Asia Natural Gas Market Analysis by Sector, 2024 (%)
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Southeast Asia LNG Market Segmentation by Active Plants
The key LNG regasification plants are Map Ta Phut, Jurong, Nong Fab, Ilijan, Melaka Floating, and others. In terms of capacity for regasification, Thailand continues to remain the largest. As of 2024, the Map Thu Phut plant is the largest facility in the region.
Southeast Asia LNG Market Analysis by Active Plants, 2024 (%)
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Southeast Asia Natural Gas Market – Competitive Landscape
The key companies in the Southeast Asian natural gas market are:
- PTT Public Co Ltd
- Petroliam Nasional Bhd
- PT Pertamina (Persero)
- Shell plc
- Mubadala Investment Co
Investments in upstream is one of the factors driving the PTT and Mudabala companies. Infrastructure and new field developments. PTT has made 23 discoveries for gas resources in the region, amongst which one started production in 2023.
Southeast Asia Natural Gas Market Analysis by Companies, 2024
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Scope
- Analysis of Southeast Asian natural gas production by country and basin.
- Analysis of Southeast Asia’s natural gas demand by country and sector and its use and outlook for power generation.
- Review of Southeast Asia’s most important active and upcoming natural gas field projects.
- Details of the most important active and upcoming Southeast Asian gas pipeline systems and underground storage projects.
- Assessment of the Southeast Asian LNG liquefaction and regasification capacity. and upcoming regasification projects.
- Analysis of the LNG trade activity in the continent.
- Assessment of Southeast Asia’s phase-out of Russian gas.
- Overview of Southeast Asia’s Energy Transition Policies affecting the natural gas market.
Reasons to Buy
Businesses need to have a deeper understanding of the market dynamics to gain a competitive edge in the coming decade. The report’s in-depth analysis and market insights will enable you to:
- Identify the main natural gas-producing countries and fields in the Southeast Asian continent.
- Discover the main natural gas demander countries and energy sectors.
- Access the current and upcoming status of Southeast Asian gas pipelines and underground storage.
- Explore the reasons behind the low Southeast Asian LNG liquefaction capacity.
- Learn about the current and upcoming LNG regasification projects, as well as the main exporters to the continent.
Petroliam Nasional Bhd
PT Pertamina
Persero
Petronas
Shell Plc
Mudabala Investment Co
PT Medco Daya Abadi Lestari
Chevron Corp
BP plc
Hess Corp
Eni SpA
Inpex Masela
Eni North Ganal
PTTEP HK
Vietnam National
ExxonMobil
MP Holding RSC
Genting Oil Kasuri
Sarawak Shell
SapuraKencana Energy
CITIC Seram Energy
Brunei Shell
Japan Organization for Metals and Energy Security
Mitsui & Co
Vietnam Oil and Gas Group
Deep Blue Pte Ltd
Dorsch Holding GmbH
Lilama 18
Lung Lo Construction Co
McDermott International Ltd
PetroVietnam Engineering Consultancy
VietsovpetroJVC
Worley Ltd
PT Bakrie & Brothers Tbk
Korea Gas Corp
Mitsubishi Corp
PT Medco Daya Abadi Lestari
Table of Contents
Table
Figures
Frequently asked questions
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Which country contributes the largest Southeast Asian natural gas market share as of 2024?
As of 2024, Malaysia produces most of the natural gas.
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Which sector accounts for the highest Southeast Asian natural gas market demand as of 2024?
Gas demand for power generation sector is the largest as of 2024.
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Which LNG plant dominates in terms of capacity in the Southeast Asia LNG market as of 2024?
As of 2024, the Thailand Map Thu Phut plant dominates in terms of capacity in the Southeast Asia LNG market.
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Which are the key companies in the Southeast Asian natural gas market?
The key companies in the Southeast Asian natural gas market are PTT Public Co Ltd, Petroliam Nasional Bhd, PT Pertamina (Persero), Shell plc, Mubadala Investment Co, and others.
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