As multiple impacts of climate change become more severe worldwide, including in Thailand, the need for an energy transition becomes ever more paramount. To that end, the latest draft of the Power Development Plan (draft PDP2024), which was unveiled in June, is touted by the Ministry of Energy as being consistent with Thailand’s goals of […]
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 […]
The awaited new Power Development Plan (PDP) will be finalised by the second quarter of this year. The PDP— which is scheduled to be implemented between 2024 and 2037, will focus more on renewable energy. Prasert Sinsukprasert, the permanent secretary of the Ministry of Energy, says the new PDP aligns with Thailand’s climate change goal […]
Despite commitments to increase the share of renewable energy to combat climate change and promises to adhere to the 1.5°C target outlined by the Paris Agreement, Thailand’s appetite for liquefied natural gas (LNG) tells a different story, putting the country’s sustainable future in jeopardy. In 2023, Thailand experienced a notable surge in LNG imports, reaching […]