BMI View: Thailand remains driven by a strong demand growth for both oil and gas which far outweigh domestic production. With no scope for the country to become self sufficient, it will be critical to develop the necessary import infrastructures and to maximise the country’s below ground potential. With several delays already affecting the planned 21st licensing round, we do not expect the current slowdown in production to revert soon. Despite an uptake in exploration activities throughout H1 2013, an offshore pipeline oil spill which occurred in late July creates large risks of opposition to offshore exploration by a population …
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