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Wednesday, 20 November 2013

Thailand Oil and Gas Report Q1 2014:Energy & Power Market Research Reports

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Thailand Oil and Gas Report Q1 2014
Nov 20th 2013, 00:00, by vyankatesh

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 expect oil production to decline over the longterm, and gas production to remain stagnant. Despite an uptake in exploration activities throughout H113- H313, an offshore pipeline oil spill which occurred in late July creates large risks of opposition to offshore exploration …

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