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...
What role will mineral fuels continue to play in Thailand’s energy mix moving forward, given its drive toward diversification?
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...
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...
Providing the fuel for Thailand’s economic growth engine, the energy sector continues to expand 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 development is now focused in both the hydrocarbons and...
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