Contents

I.    An Overview of the Natural Gas Industry in Thailand

Introduction
Natural Gas
History of Natural Gas in Thailand
Concessionaires
Transportation to End-Users

II.    Historical and Future Supply and Demand of Natural Gas in Thailand

Historical Demand
Historical Supply
Future Demand
Future Supply

III.    Pricing of Natural Gas

IV.    Cost of Natural Gas

V.    Theoretical Framework

Notion of NNP
Hotelling's r%Rule
Hartwick's Rule
Exogenous Prices

VI.    Empirical Results

Other Studies

VII.    Discussion and Conclusions

Hotelling's r% Rule
Consumption Paths
Limitations of our Model
Conclusion

Appendix 1

Appendix 2

Appendix 3

References