Reduce Energy Costs: The Paradigm Shift in Gas Supply

Energy Minister Pirapan Salirathavibhaga unveiled a plan that could slash energy costs across the board.

Pirapan declared yesterday, January 3, that a paradigm shift is imminent in the gas supply sector, aiming to empower power producers and significantly cut down on electricity expenses. The key? A strategic merger of gas pools to unleash a domino effect that could alter the fortunes of power and petrochemical players.

“Under this new regime, we’re reshuffling the deck to make gas more accessible and affordable for power producers while rebalancing costs for petrochemical giants.”

Currently, the playing field favours petrochemical producers, enjoying the spoils of cheaper Gulf Gas, turning Thailand into a regional petrochemical powerhouse. On the flip side, power plants grapple with the burden of higher gas costs under the existing two-pool…