Over the years the government has introduced a wide range of plans, programmes and initiatives that outline goals and set targets for the power sector. These plans are continuously being reviewed and amended in response to shifting dynamics in the industry, such as advancements in renewable energy technology and the depletion of domestic...
How is Thailand proceeding with its plans to address climate concerns, following the country’s commitment to the Paris Agreement?
With roughly 7.1trn cu feet of natural gas at the end of 2017, down from 10.6trn cu feet in 2007, according to the 2018 “BP Statistical Review of World Energy”, Thailand’s reserves of this critical resource are depleting. Thus, the country is working to diversify its power mix with both conventional and alternative sources.
In its April 2018 Economic Monitor for Thailand, the World Bank reported that GDP growth accelerated to 3.9% in 2017, from 0.91% in 2014, 2.94% in 2015 and 3.23% in 2016. This was the fastest expansion since the 7.24% recorded in 2012, and was driven by strong global growth, increased export revenue and a modest recovery in private consumption.
Thailand’s Ministry of Energy has announced plans to expand the role of renewables and coal in the domestic power mix, in addition to increasing opportunities for small-scale electricity producers.
For decades, the ongoing development of Thailand’s major oil and gas fields provided the country with a steadily increasing flow of energy. Strong demand, favourable geology and an attractive concession contracting system combined to create an environment that attracted considerable interest from major international oil companies, which in...
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