In recent years, various factors – whether political, commercial or technical – have combined to accentuate the advantages of LNG to Power projects. However, these projects do not always sit easy between, on the one hand, ever changing global gas/LNG markets and, on the other hand, buyer countries’ efforts to ensure domestic security of energy supply at affordable prices.
In this sixth episode of Watson Farley & Williams’ LNG to Power webinar series, we were joined by gas market experts GaffneyCline, with whom we examined Thailand’s journey of deregulating its domestic gas market in the midst of global gas demand swings, supply pressures and uncertain price developments. We explored the recent developments in Europe and the US and set out some timely lessons in market design, consistent with the policies and regulations emerging in Thailand. In particular, we discussed:
- The past, present and future of Thailand’s gas demand and supply sources
- The need for market liberalisation and global examples of good practice regulatory and third party access regimes
- Market design tools to achieve transparent, non-discriminatory and cost-efficient gas supply
- The impact of current gas/LNG market volatility on ‘energy transition’ with a focus on Thailand
