Timor-Leste is the world’s 41st-largest producer of natural gas and the country’s output decreased by 83% in 2022, over 2021. The country accounts for 0.02% of global production, with the world’s other largest producers being the US, Russia and Iran. GlobalData uses proprietary data and analytics to provide a complete picture of the natural gas sector in Timor-Leste in its report, Oil and Gas Upstream Production and Capex Outlook by Projects (Crude and Condensate and Natural Gas), Fields (Active, Planned and Announced), Region, Key Countries, Companies and Forecast, 2023-2027. Buy the report here.
Over the five years to 2022, production from Timor-Leste decreased by a CAGR of 37% and is expected to drop by a CAGR of 100% between 2023 and 2027.
The largest producers of natural gas in Timor-Leste are Santos, SK and Inpex. Santos was the largest producer of natural gas in 2022 with output down by 82% on 2021.
SK was the second-largest producer, with output down by 82%, and Inpex was third with a decrease of 82% on the previous year.
There are one natural gas producing fields in Timor-Leste, all located offshore. The Timor Sea has the majority of the natural gas fields in the country with one.
For more detailed analysis of natural gas sector in Timor-Leste, buy the report here.