Thailand Oil & Gas Q1 2019
Gradually declining oil and gas production, alongside planned refining and LNG import capacity expansions will seeThailand become increasingly dependent on energy imports to meet rising demand. The growth in refined fuels consumption willcontinue over the coming years, albeit at a modest rate, with fuel price subsidies helping to cushion the effect of rising internationaloil prices on consumers. Gas will continue to lose its shine as an automotive fuel, although this will be offset by its growing stature asan industrial and petrochemicals feedstock.
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