Central & SE Asia / Australasia
Country profile: Thailand
| Location: | 514,000 |
| Climate: | tropical; rainy, warm, cloudy southwest monsoon (mid-May to September); dry, cool northeast monsoon (November to mid-March); southern isthmus always hot and humid |
| Terrain: | central plain; Khorat Plateau in the east; mountains elsewhere |
| Size: | 514000 sq. km total (Land area: 511770 sq. km Water area: 2230 sq.km) |
| Population: | 65,493,298 |
| Languages: | Thai, English (secondary language of the elite), ethnic and regional dialects |
| Government: | constitutional monarchy |
| Capital city: | Bangkok |
| Legal system: | based on civil law system, with influences of common law; has not accepted compulsory ICJ jurisdiction |
| Currency: | baht (THB) |
| Licensing: |
Country profile
Thailand has limited domestic oil production and reserves, and imports make up a significant portion of the country’s oil consumption. Thailand holds large proven reserves of natural gas, and natural gas production has increased substantially over the last few years. However, the country still remains dependent on imports of natural gas to meet growing domestic demand for the fuel. In September 2006, a military coup overthrew the government of Prime Minister Thaksin Shinawatra. The change in leadership did not have any immediate impact on oil or natural gas production.
During 2006, Thailand’s real gross domestic product (GDP) grew by an estimated 5.0 percent, right on trend with average 5-year growth levels.
Energy production and consumption
| Oil | Gas | |
| Production: | 310,900 bbl/day (2005 est.) | 22 billion cu m (2005 est.) |
| Consumption: | 929,000 bbl/day (2005 est.) | 31 billion cu m (2005 est.) |
| Exports: | 225,700 bbl/day (2005 est.) | |
| Imports: | 893,400 bbl/day (2005 est.) | 8 billion cu m (2005 est.) |
| Reserves: | 291 million bbl (1 January 2006 est.) | 400 billion cu m (2005 est.) |
| Major fields: |
Thailand - recent news
| 19 Jan 26 |
Samos Energy Group to acquire the Suksan Salamander FSO from Altera Infrastructure Samos Energy, the global energy investor, is pleased to announce the execution of a Ship Sale Agreement for the acquisition of the Suksan Salamander Floating Storage and Offloading (FSO) unit from Altera Infrastructure Group (“Altera'). The Suksan Salamander FSO is currently deployed on the Bualuang oil field offshore Thailand, operated by Medco Energi Thailand. |
| 13 Jan 26 |
Valeura Energy provides Q4 2025 update and 2026 guidance Valeura Energy announces: (i) the Company’s Q4 2025 performance was in line with its guidance outlook for 2025 and resulted in a new record cash position; (ii) completion of a successful drilling campaign at Block B5/27 drove strong ongoing oil production and is expected to contribute to reserves replacement; and (iii) a guidance outlook for 2026 supporting its objective to continue generating long-term value for shareholders. |
| 16 Dec 25 |
Thailand: Technip Energies awarded detailed engineering contract for Thailand’s first Carbon Capture and Storage project Technip Energies has been awarded a detailed engineering contract for PTTEP’s Arthit Carbon Capture and Storage (CCS) facilities project in the Gulf of Thailand. PTTEP is leading the Arthit CCS Project, which will serve as a pilot for cultivating expertise and driving CCS adoption in Thailand. |
| 08 Dec 25 |
Thailand: PTTEP sets a 5-year investment budget of USD 33,279 million to strengthen Thailand’s energy security and support its overseas growth PTTEP announced its 2026 investment plan with a total budget of USD 7,726 million with a target of an 8% growth in sale volume, focusing on enhancing Thailand’s energy security, strengthening and expanding investments in E&P business internationally as well as accelerating ongoing development projects to commence production as planned. |
| 05 Dec 25 |
Thailand: Eni signs a long-term LNG sale agreement with Thai Gulf Development Company, further enhancing its global marketing footprint Eni has entered into a long-term LNG sales agreement with Thailand’s Gulf Development Company that reinforces the company’s strategy to grow a diversified global portfolio and secure stable, multi-year relationships in key international markets. |
Thailand - more news
Other countries in this region
- Australia,
- Bangladesh,
- Brunei,
- Cambodia,
- China,
- Fiji,
- Hong Kong,
- India,
- Indonesia,
- Japan,
- Laos,
- Malaysia,
- Maldives,
- Mongolia,
- Myanmar,
- Nepal,
- New Zealand,
- North Korea,
- Pakistan,
- Palau,
- Papua New Guinea,
- Philippines,
- Singapore,
- South Korea,
- Sri Lanka,
- Taiwan,
- Timor Leste,
- Vietnam
