Energy Ministry introduces outline for dynamic growth

Published onDecember 27, 2019

The Energy Ministry has announced 10 urgent action plans for 2020 to support living expenses for Thais, maintain the country’s energy security and become a regional leader in the sector. Energy Minister Sontirat Sontijirawong said the ministry has to carry out several missions next year to ensure dynamic growth in the economy. A new round of licensing for petroleum exploration and production (E&P) is expected in 2020 after 12 years of postponement, he said. Thailand last granted an E&P licence under Round 21 in 2007, with 29 licences delayed since because of political instability and economic slowdowns. Many advocates have called for a delay and revision of the country’s petroleum laws from an E&P concession to a production-sharing contract.