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Thailand's Petroleum Act Amendments Delayed Amid Gas Production Issues

NATURAL GAS

Thailand's Department of Mineral Fuels has completed amendments to the Petroleum Act aimed at ensuring the continuity of petroleum production, but approval is stalled pending the formation of a new government. Delays in domestic gas production have heightened reliance on expensive LNG imports, exacerbating production costs and complicating the renewal process for key gas field licenses. The recent expiration of licenses amid rising global oil prices has prompted government subsidies for electricity, leading to significant long-term financial implications.

Thailand's Petroleum Act Amendments Delayed Amid Gas Production Issues
Jan 21, 2026, 11:00 PM

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