Fuel for Thailand’s future - OBG

Fuel for Thailand’s future

Energy consumption in Thailand is set to jump by 75% over the coming two decades as the economy expands and a more affluent society takes to the roads in increasing numbers, according to a new report. However, this growth and mobility will come at a cost, with dependence on oil imports set to rise and increasing susceptibility to external price shocks.
A recent report from the International Energy Agency (IEA) on the energy outlook for South-east Asia, released on October 2, found that Thailand’s oil import bill could climb to $70bn by 2035, three times its present level. According to the report, Thailand is the second-largest energy consumer in the region, ... Read more.

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