Thailand Recorder

Latest News From Thailand

Internal Affairs

The government has a crude oil reserve plan appropriate to the situation.

House, "Rudklao" reveals the Ministry of Energy is continuously monitoring the fuel situation. Indicating that the government has a plan for 2024, the crude oil reserves are appropriate to the situation. Mrs. Radklao Inthawong Suwankiri, Deputy Spokesperson for the Prime Minister's Office, revealed that the Ministry of Energy has held a meeting to discuss and follow up on the situation. Continued shortage of fuel prices in order not to affect the people who use the service Recently, the Department of Energy Business (Department of Energy Business) held a meeting to monitor the situation. together with every oil refinery and oil traders under Section 7 to monitor the situation Prepare measures to prevent and solve fuel shortages. In the case of stopping for maintenance Crude Oil Distillation Unit 3 of the Thai Oil Refinery for a period of 13 days between 16 - 28 January 2024. It was found that it will affect the production volume of 110 million liters of jet fuel (JET A1), high-speed diesel fuel. 240 million liters, 60 million liters of gasoline and 15 million kilograms of liquefied petroleum gas (LPG). From monitoring the situation, it was found that Thai Oil Public Company Limited and oil traders were able to supply gasoline. Jet fuel (JET A1) and LPG are sufficient to meet domestic demand without impact. For the high-speed diesel group Supply was tight at first. The Department of Energy Business has ordered oil traders to delay the export of high-speed diesel fuel. To increase the amount of high-speed diesel fuel within the country to meet demand. Including accelerating the use of reserve oil according to the law of the high-speed diesel group. Can be sold in an amount not exceeding 20 percent of the legal reserve that is required to be kept in reserve. As a result, there will be enough oil to meet the country's needs. In addition, the Department will closely monitor and evaluate the said situation. Therefore, we ask the public to be confident that there will not be a shortage of high-speed diesel fuel. Miss Radklao said that such measures There is no further effect. The government announced the freeze on the price of diesel fuel not exceeding 30 baht per liter for another 3 months, starting from 20 January to 19 April 2024. In any case, please believe that Thailand has sufficient energy reserves. The Ministry of Energy in 2024 is committed to its goals. 'Energy for Security' with the announcement of the Energy Action Plan B.E. 2023 to 2037 or the national energy plan and energy plans in the sector There is adequate natural gas management at a fair price. The goal for 2024 is to have guidelines for the country to have energy security. and has guidelines for reducing carbon emissions from energy energy along with increasing the country's competitiveness By increasing the natural gas production rate from plot G1/61 to 800 MMscfd. In addition, Ready to open for applications for rights to explore and produce petroleum for the 25th onshore exploration block, and there are guidelines to promote Thailand as a Regional L NG Hub and have appropriate crude oil reserve rates consistent with the current situation. Source: Thai News Agency