Energy Ministry
- Thailand News
Thaksin denies Cabinet reshuffle, supports energy cost cuts
Thaksin Shinawatra, Thailand’s former prime minister and the alleged de facto leader of the Pheu Thai Party, has put to rest rumours suggesting the potential dismissal of Energy Minister Pirapan Salirathavibhaga in the next Cabinet reshuffle. Yesterday, January 5, Thaksin clarified that no such reshuffle is currently planned. Pirapan, for his part, denied any discord with Prime Minister Paetongtarn Shinawatra…
- Thailand News
Thai PM and Energy Minister clash over clean energy vision
Tensions have erupted in Thailand’s government as Prime Minister Paetongtarn Shinawatra and Energy Minister Pirapan Salirathavibhaga lock horns over the nation’s clean energy future. A disagreement, which has reportedly been simmering for weeks, boiled over yesterday, November 26, leading to the abrupt cancellation of a joint press conference following a National Energy Policy Board meeting. While PM Paetongtarn addressed the…
- Thailand News
New law to regulate Thailand oil and gas prices nears approval
A draft law aimed at empowering energy officials to regulate domestic oil and cooking gas prices is advancing towards parliamentary approval. This legislation could become a significant energy policy under the emerging Paetongtarn Shinawatra government. Energy Minister Pirapan Salirathavibhaga highlighted yesterday, September 11, that the bill should be reviewed by legislators before the year’s end. Pirapan championed this policy since…
- Business News
Thailand considers petroleum reserve amid oil price volatility
Thailand is considering various strategies to mitigate the impact of global crude oil price fluctuations, beyond merely subsidising domestic oil prices through the dwindling Oil Fuel Fund. One proposed solution is the development of a strategic petroleum reserve (SPR) to enhance national oil security and safeguard against potential supply disruptions caused by geopolitical conflicts. Energy Minister Pirapan Salirathavibhaga suggested the…
- Business News
Oil Fuel Fund in Thailand faces 84.3 billion baht loss
A confidential source from the Energy Ministry revealed that a meeting is scheduled this week to address the considerable loss of 84.3 billion baht (US$2.35 billion) incurred by the state Oil Fuel Fund due to its oil and gas subsidy programmes. Despite the substantial deficit, the fund’s financial status is deemed manageable. The discussion will be spearheaded by a subcommittee…
