“Akanat Promphan, Minister of Energy, has outlined the direction for managing the country’s energy sector amid volatility in the global situation, saying this is the most appropriate time for structural change…”
“More than roads and railways: the Land Bridge must include the construction of large oil storage facilities, or tank farms, and an oil pipeline transport system linking the two coastlines.”
“A new alternative to Singapore: the aim is to attract Middle Eastern oil-producing countries to store crude oil and conduct trading in Thailand, instead of relying solely on established markets such as Singapore.”
“A way through the Hormuz crisis: in a situation where the world faces the risk of the Strait of Hormuz being closed, a key oil transport route accounting for more than 30% of global oil trading volume, Thailand would gain a huge economic opportunity if oil storage depots for other countries were located here, while also strengthening security by ensuring the country has a continuous oil supply.”