Energy

In 2017 global energy demand grew by 2.1%, up from 0.9% the previous year, according to the International Energy Agency. This growth is largely explained by the increase in demand for fossil fuels, renewables and, to a lesser extent, nuclear energy. Peru is following this global trend, with a slight increase in energy demand and lower costs...

After a period of relative stagnation that ended with a pickup in metals prices in 2016, investment in mining is growing, with nine projects to begin construction in 2018. Efforts to streamline procedures and a strong performance in international rankings will likely help support the image and competitiveness of the sector as works move ahead...

Contributing around 10% to GDP in 2017, the mining sector is fundamental to Peru’s economy, accounting for significant levels of foreign exchange and tax revenues, as well as the creation of direct and indirect jobs. Favourable legal and tax regimes, low production costs and an abundance of natural resources all contribute to increasing...

While investors have typically been drawn to Peru by the fact that it is the world’s second-largest copper, silver and zinc producer, as well as the third-largest for tin, the country’s iron ore reserves have recently attracted China’s attention.

Thailand’s domestic hydrocarbons resources are fairly small. According to the June 2018 “BP Statistical Review of World Energy”, at the end of 2017 the country had 300m barrels of proven oil reserves – less than 0.05% of the world’s total – and about 7.1trn cu feet of natural gas, roughly 0.1% of the global total.

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...