Southeast Asia Natural Gas and LNG Market Outlook – Supply and Demand Dynamics, Pipelines, Trade Activity and Energy Transition, 2024

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

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

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

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 (%)
Southeast Asia Natural Gas Market Analysis by Countries, 2024 (%) Buy the Full Report for More Country-Wise Insights into the Southeast Asia Natural Gas Market,
Download a Free Sample Report

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 (%)
Southeast Asia Natural Gas Market Analysis by Sector, 2024 (%)Buy the Full Report for More Sector-Wise Insights into the Southeast Asia Natural Gas Market,
Download a Free Sample Report

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 (%)
Southeast Asia LNG Market Analysis by Active Plants, 2024 (%)Buy the Full Report for More Active Plant-Wise Insights into the Southeast Asian LNG Market,
Download a Free Sample Report

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
Southeast Asia Natural Gas Market Analysis by Companies, 2024Buy the Full Report for More Insights into the Leading Companies in the Southeast Asia Natural Gas Market or Download a Free Sample Report

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.

PTT Public Co Ltd
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

1. Executive Summary

2. Southeast Asia Natural Gas Outlook

3. Natural Gas Supply Dynamics in SE Asia

4. Natural Gas Midstrem in SE Asia

5. LNG Plants and Trade Activity in SE Asia

6. Geopolitical Risk and Supply Chain Vulnerabilities

7. Natural Gas Market in the Southeast Asian Energy Transition

Table

Table 1: Top Basins in SE Asia by Production

Table 2: Top 15 Upcoming Natural Gas Projects in SE Asia by Reserve

Table 3: Top Pipelines in SE Asia by Capacity

Table 4: Top 5 Planned and Upcoming Pipelines in SE Asia by total CAPEX

Table 5: Top 5 Active Gas Processing Facilities in SE Asia by Capacity

Table 6: Most Significant Regasification Facilities in SE Asia

Table 7: Upcoming LNG Regasification Facilities by Capacity

Figures

Figure 1: SE Asia Natural Gas Supply by Country (2023-2030)

Figure 2: SE Asia Natural Gas Demand by Country

Figure 3: SE Asia’s Upstream Taxes and Royalties

Figure 4: SE Asia Natural Gas Demand by Type and Sector (Projected 2025)

Figure 5: SE Asia Natural Gas Demand by Sector

Figure 6: SE Asia Power Generation by Installed Capacity

Figure 7: SE Asia Natural Gas Production by Resource Type

Figure 8: SE Natural Gas Production by Top 10 Company Ownership

Figure 9: Producing Natural Gas Fields by Expenditure per mcf

Figure 10: SE Natural Gas Prices (Region vs JKM)

Figure 11: Production by Basin per Country

Figure 12: Total Reserves of Upcoming Projects by Major Basins (tcf)

Figure 13: Multi-Year Production and Financial Performance Chart (Block-B)

Figure 14: Pipeline Length by Country

Figure 15: Top 5 Planned and Announced Gas Pipelines in SE Asia (2024-2030)

Figure 16: Historical, Planned and Announced CAPEX by Pipeline

Figure 17: LNG Liquefication Capacity by Plant and Country

Figure 18: LNG Exports from SE Asia (Million Tons)

Figure 19: Regasification by Country

Figure 20: SE Asia LNG Regasification Capacity Outlook by Country and Most Significant Expansion Plans

Figure 21: LNG Imports by Country

Figure 22: Share (%) of LNG Export Destination from SE Asia

Figure 23: Upcoming Commissioning vs Decommissioning Capacity (2023-2035)

Figure 24: Upcoming CCUS Plants in SE Asia

Frequently asked questions

Southeast Asia Natural Gas and LNG Market Outlook – Supply and Demand Dynamics, Pipelines, Trade Activity and Energy Transition, 2024 standard reports
Currency USD
$1,500

Can be used by individual purchaser only

$3,000

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Download FREE Resources

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Sample Report

Southeast Asia Natural Gas and LNG Market Outlook – Supply and Demand Dynamics, Pipelines, Trade Activity and Energy Transition, 2024 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Southeast Asia Natural Gas and LNG Market Outlook – Supply and Demand Dynamics, Pipelines, Trade Activity and Energy Transition, 2024 in real time.

  • Access a live Southeast Asia Natural Gas and LNG Market Outlook – Supply and Demand Dynamics, Pipelines, Trade Activity and Energy Transition, 2024 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.