Gulf of Thailand Gas Supplies to Drop Sharply After 2017

Natural-gas supply from the Gulf of Thailand is seen dropping sharply after 2017, country’s energy department has said.

Gulf of Thailand can maintain the peak quantity of 3,602 million cubic feet per day (MMcf/d) for just five more years.

Gas output from the Gulf is likely to go up to 3,441MMcf/d from 3,172MMcf/d last year before rising to 3,602MMcf/d in 2013.

The production will stay at 3,602MMcf/d for another five years before falling to 3,352MMcf/d in 2018 and 3,202MMcf/d in 2019 and 2,880MMcf/d in 2022.

The department also said that natural-gas production in the Gulf of Thailand would plunge to 479MMcf/d in the next 20 years.

The country is contemplating to exploit the overlapping sea area of Thailand and Cambodia. If the two countries agree on joint exploration of the area, it will take 10 years for gas production from the disputed area to begin.

Thailand is planning to grant new exploration and production concessions in the 21st round which will take place somewhere in the middle of this year. However, it would be 10 years before production of gas could begin.