Energy Ministry
- 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…
- Thailand News
Thailand to explore small nuclear reactors for clean energy boost
Energy Ministry officials are set to assess the feasibility of developing small nuclear power plants as part of the updated power development plan (PDP). This initiative aims to increase the use of clean energy and reduce carbon dioxide emissions. The technology under consideration is the small modular reactor (SMR), which can generate up to 300 megawatts per unit (MW), roughly…
- 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…
