Thailand’s Fossil Lock-In: Stranded Risk of Midstream Oil & Gas Infrastructure

Share

This report examines the financial risks of Thailand’s continued investments in midstream oil and gas infrastructure, including refineries and LNG terminals. As the world shifts towards net-zero emissions, these infrastructures face significant economic risks. The report details investment costs, with 189 billion THB for new oil refineries and 66 billion THB for new LNG terminal projects. It highlights the impact of global energy policies and renewable technologies, projecting a peak in fossil fuel use by 2030. To mitigate stranded asset risks, Thailand must reform its energy strategy, prioritize cleaner technologies, and align with international climate commitments. The analysis emphasizes the need for policy adjustments to maintain Thailand’s economic and environmental viability amid the global transition to cleaner energy. This underscores the urgency for Thailand to realign its energy investments to avoid financial pitfalls and ensure a sustainable future. 

Mini Paper Thailand’s Fossil Lock-In: Stranded Risk of Midstream Oil & Gas Infrastructure

Climate Finance Network Thailand (CFNT)