Bangkok, At the seminar “THAILAND ENERGY EXECUTIVE FORUM”, the Permanent Secretary of Energy emphasized moving forward with energy production sources in the country. Promote electricity production from renewable energy. F.T.I. points out that even though Thailand’s Net Zero goal is slower than the rest of the world, But it must actually be done, while PTT estimates the price of oil this year at $75-80/barrel, natural gas at $7-12/million BTU.
Energy Science Association together with the Energy Science Institute Organized the annual national energy seminar “THAILAND ENERGY EXECUTIVE FORUM” with Mr. Settha Thavisin, Prime Minister and Minister of Finance, presiding over the opening ceremony. and gave an honorary lecture on the topic ‘The turning point for Thai energy towards sustainability’ followed by a discussion on the country’s energy management methods.
Mr. Prasert Sinsukprasert Permanent Secretary of the Ministry of Energy said that the Ministry of Energy has a mission to procure enough energy to meet
demand. In 2024, the Ministry of Energy focuses on producing energy resources in the country that can control and direct production according to plan to its fullest potential. By natural gas from the G1/61 field that wants to accelerate production to return to the level of 800 MMscfd by April 1, 2024, open for applications for petroleum exploration and production rights for the 25th onshore exploration, including seeking gas. etc. Added from international cooperation sources and focus on promoting the production of electricity from renewable energy that has no fuel costs, such as wind power and solar power. Water power is increasing. This is consistent with the Prime Minister’s speech that the world is asking for clean energy. The Ministry of Energy also has a drive to reduce greenhouse gas emissions. Most of which, or more than 70%, comes mainly from electricity generation and transportation.
This has been prepared. National Energy Plan based on the main principle of creating benefits for the people. Increa
se the competitiveness of the country and drive the Thai energy sector To have a direction consistent with the direction of the world. With the following objectives:
1. Support Thailand’s participation in the use and production of clean energy and reduce carbon dioxide emissions. Save energy To reach net zero carbon (Carbon Neutrality) by 2050.
2. Create competitiveness and increase investment potential of Thai entrepreneurs can adapt to investing in low-carbon countries in line with the global trend.
3. Driving the strategy and policy to reduce the country’s greenhouse gas emissions in the long term (LT-LEDS).
Mr. Atthaphon Rerkpiboon, Chief Executive Officer and President of PTT Public Company Limited, spoke about the preparations of energy companies for sustainable energy transition. The important factors that have affected the energy industry in the past Including geopolitical problems economic recovery Inflation picture and climate change What the Prime Minister said was interesting at the World Econ
omic Forum meeting in Davos, which was attended by government and economic leaders. It surveys opinions on rankings of short-term and long-term risks facing the world. As for short-term risk factors, within 2 years, most leaders’ top 3 concerns are information distortion, the environment, and geopolitics. As for the long-term risk factor for 10 years, concerns about climate conditions Earth’s environmental system and ecosystem It will be seen that in the long term Most of them are concerned about the environment.
For trends in energy use It was found that the price of liquefied natural gas in the world market has become more volatile. The same is true of world oil prices. fluctuates as well which is currently at the level of 80 dollars. In 2024, oil prices are estimated to be at 75-80 dollars / barrel. Demand is 103 million barrels / day, with no shortage of production sources. Natural gas is estimated at $7-12/million BTU, which is considered good news for the business and public sectors. But we still need
to monitor whether there will be factors affecting it or not, such as the world economy, energy transition, natural disasters, etc.
Meanwhile, in Thailand, energy use continues to increase. and must also import all forms of energy, which PTT itself has always managed to ensure energy security for Thailand. Ready to set up a network and logistics system to deliver nationwide coverage
It is seen that Thailand must accelerate the creation of new industries to become concrete, New S-curve industries, 12 industries that the industrial sector must drive. And the government is a supportive mentor, including PTT as well, which has adjusted its new vision. Driving every life with the power of the future Heading towards clean energy business energy storage system and complete electric vehicles Enter new business far beyond energy Pushing new industries and improving the quality of life of Thai people The logistics part is important. The Prime Minister also gives importance to this matter. As for the environment, PTT
has set a goal of reaching net zero greenhouse gas emissions (Net Zero) in 2050, faster than Thailand’s announced goal of 2065.
While Mr. Kriangkrai Thiennukul, Chairman of the Federation of Thai Industries (F.T.I.), spoke about the preparation of the private sector to support the economic direction. Industries under sustainable energy transition Among the world challenges we are facing Think of this year as a game of the environment. Meanwhile, the world economy is gradually recovering under volatility, with the World Bank predicting that world economic growth in 2024 will be reduced to 2.4%, which will gradually return to expand at 2.7% in 2025. The economies of major countries may slow down. go down from tight monetary policy Trade and investment remain uncertain. and increased geopolitical risks. Including conflicts that may spread and affect world energy prices, the WTO has lowered its forecast for global trade growth in 2023 to 0.84 from the previous expectation of 1.7% expansion according to the manuf
acturing sector. A slowing world Afraid of geopolitical problems and the increasing problem of trade protectionism, contrary to the IMF. Looking at the Thai economy will expand further from economic stimulus measures, forecasting growth of 4.4% from the original forecast of 3.2%, which is considered good news. The main factors are fiscal stimulus measures.
As for Thailand’s Net Zero goal, it is seen that it may be a goal that may be reached more slowly. But it really has to be done. Most of the countries around the world Especially powerful countries, the Net Zero target is in 2050, except for China and Indonesia, the Net Zero target is in 2060. As for Thailand, the final Net Zero target is in 2065.
As for the preparation of the industrial sector to cope with Climate Change, every sector emphasizes sustainability (Sustainability), clean energy (Green Energy) and Net Zero.
In 2022, Thailand will hold an APEC event using the BCG theme and talking about Sustainability. since then
Thailand is still a country
that depends on exports, up to 60%. The main exporting countries are the United States and the EU. Therefore, it is necessary to accelerate the adjustment of clean energy. FTI has guidelines for preparation with Thai entrepreneurs as follows.
1. Carbon Footprint Label of Products (CFP)
2. Smart Carbon Footprint Reduction
3. Pilot project of the voluntary carbon market rights trading system (volunteer carbon market)
However, it is accepted that Thailand’s electricity costs are higher than those of competitors in the region. Therefore, the industry must be driven to achieve efficient energy use, including changing to use machinery/equipment with higher efficiency. Resulting in saving energy. and increasing the efficiency of energy use, using more renewable energy such as installing solar cells, biomass and biogas, promoting the development of industrial personnel. Training to provide knowledge and access to energy technology and innovation, use of new technology and innovation and promote the creation of an
energy database system (Energy Database)
In addition, there is a project to promote energy conservation in the industrial sector (Energy Point3), which is now in its third edition. and continues to promote industrial development Including projects to support energy and cost conservation in the SME industry.
Source: Thai News Agency