Providing the fuel for Thailand’s economic growth engine, the energy sector continues to expand in order to meet the growing demands of the country. Domestic primary energy consumption is weighted heavily towards fossil fuels, which accounted for 98% of primary energy consumption in 2014. Natural gas has become the fulcrum upon which energy...
When spiking oil prices and global pressure to address climate change led to a widespread shift in the energy industry towards a greater contribution from renewable energy (RE) in the early 2000s, Thailand largely bucked this trend, preferring instead to double down on traditional fuel sources.
Up to this point, Thailand’s strategy of providing affordable energy to the country primarily by exploiting domestic natural gas supplies – supplemented by foreign imports – has been successful in meeting growing domestic demand while maintaining tariff rates competitive enough to remain attractive for industrial customers. Yet as domestic oil...
Thailand’s oil and gas industry has been providing a steady if somewhat limited stream of new hydrocarbons deposits for decades, helping to offset the country’s growing demand for fossil fuels. The industry has remained largely stable over the years by striking a balance between government regulation and private sector incentives which have...
As Thailand's natural gas runs low and as oil imports increase, the country is aggressively promoting new sources of energy and encouraging the increased use of alternative fuels. Furthermore, over time, Thailand’s alternative energy goals have become more ambitious. The Renewable Energy Development Plan (REDP), released in 2009, called for 20%...
For many years Thailand has focused on increasing energy generation so that it could power its industrial growth and meet the energy needs of an increasingly prosperous society. Achieving this objective was a requirement in terms of sustaining economic growth and, so far, the country’s energy production has succeeded at keeping pace. Thailand...
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