The growth of Thailand’s heavy industries, as well as consumption among a burgeoning middle class, is fuelling demand for energy. On the production side, this demand is being partly met by increased lignite and natural gas extraction, while oil output continues to decline. The government is hoping that investment-friendly amendments to its Petroleum Act will help slow or reverse this decline. But...
Thailand Energy
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Located in the heart of South-east Asia, Thailand combines an ancient Buddhist culture with an emerging industrial economy. It is the only South-east Asian country never to have been colonised, and the monarchy dates back to the 14th century.
Economic update | Thailand: Fuelling up
17 May 2012
Thai consumers are beginning to feel the effects of the government’s decision to liberalise compressed natural gas (CNG) prices with the aim of bringing retail costs in line with the global market and potentially freeing up government funds for use in other sectors.
In subtropical South-east Asian climates, where air conditioning accounts for about 50% of a building’s energy use and up to 30% of operating costs, energy efficiency requires keeping cold air inside and hot air out. Some sector participants estimate that improvements to the “building envelope” can reduce the energy required to cool a building by 50-80%.
Economic update | Thailand: Going for zero
13 Mar 2012
The once elusive promise of “zero energy”, a long-sought milestone in the construction industry, has recently become an attainable objective both globally as well as in Asia. Despite the progress, adapting construction techniques and technology to tropical climates remains a challenge that has only been overcome by a handful of private sector companies.
Economic update | Thailand: At home and abroad
10 Mar 2011
For Thailand’s Fortune 500-listed energy giant PTT, 2011 could be one of the busiest years since the firm was privatised in 2001. Its overseas expansion programme is progressing apace with 43 projects under way in 12 countries. At the same time, however, falling reserves in its own backyard and rising costs could have an impact on medium-term growth.