Thailand Energy

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Despite considerable geopolitical volatility, Thailand’s economy remains well diversified, stable and poised for expansion in 2017.

On the back of improved technology and lower costs, the government in Thailand could soon boost the renewable energy segment further by revising upwards the long-term target for its contribution to the electricity generation mix.

 

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...

 

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...

 

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.

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