# Thailand faces perfect storm as it seeks more LNG supply | Reuters

> Thailand needs to increase LNG purchases as a steep production decline at its largest gas field coincides with an global energy crunch that is sending LNG prices higher. Sanctions also threaten gas supplies from Myanmar.

- Date: 2022-03-16 · published 2022-03-16T12:00:00.000Z
- Category: geopolitics · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/42454-thailand-faces-perfect-storm-as-it-seeks-more-lng-supply-reuters
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Thailand's need to buy more LNG at elevated prices adds demand to the global market and raises the energy cost of regional processing and feed production.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2022-08-01 | [Asia Gas Prices Extend Surge as Region Seeks More Supply](https://feedsoft.ai/events/40667-asia-gas-prices-extend-surge-as-region-seeks-more-supply.md) | -1.2% | +13.4% |
| NATGAS | 2026-03-05 | [Oil settles up around 5% on supply concerns as Iran conflict widens \| Reuters](https://feedsoft.ai/events/5232-oil-settles-up-around-5-on-supply-concerns-as-iran-conflict-widens-reuters.md) | +9.9% | +0.3% |
| NATGAS | 2026-03-05 | [Farmers see fertiliser price surge as Iran war blocks exports, threatening losses \| Reuters](https://feedsoft.ai/events/6254-farmers-see-fertiliser-price-surge-as-iran-war-blocks-exports-threatening.md) | +9.9% | +0.3% |
| NATGAS | 2026-08-24 | [US LNG exports set for endurance test as high gas prices bite \| Reuters](https://feedsoft.ai/events/18057-us-lng-exports-set-for-endurance-test-as-high-gas-prices-bite-reuters.md) | +2.1% | +3.1% |
| NATGAS | 2022-04-01 | [Asia LNG Price Surges to Record as War Spurs ‘Panic’ Over Supply](https://feedsoft.ai/events/42452-asia-lng-price-surges-to-record-as-war-spurs-panic-over-supply.md) | +11.8% | +26.8% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/thailand-faces-perfect-storm-it-seeks-more-lng-supply-2022-03-16/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.