Thailand LNG imports exposed as Iran conflict highlights supply vulnerability

Bar chart of LNG cargo costs in Thailand in THB billions: pre-conflict cost 1,285; spot price increase 1,460; currency depreciation 154; current cargo cost 2,899, illustrating costs more than doubling by March 2026.

Thailand LNG imports are being exposed to growing supply risk as the Iran conflict highlights structural vulnerabilities in the country’s reliance on imported gas. Thailand LNG imports are becoming increasingly vulnerable as declining domestic gas production forces the country to rely more heavily on imported LNG. The report highlights how the Iran conflict has exposed the risks of Thailand’s growing […]

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