GULF OF THAILAND, 23rd December 2017 (NNT) - The Ministry of Energy has announced the conditions for the auction of the petroleum concessions for Erawan and Bongkot gas fields.
Mr. Siri Jirapongpan, Minister of Energy, has stated that the minimum level of natural gas production from these fields both before and after the expiration of the concessions, which is scheduled for 2022 and 2023, must be maintained at 1.5 billion cubic feet per day so as to be sufficient for the needs of the gas separation plants.
Moreover, the price of natural gas must be based on the price base used in the past, which is congruous with the need for consumption of the remaining natural gas for the greatest benefit of the nation.
Furthermore, it has been confirmed that a new power plant needs to be constructed in the South soon in order to accommodate the requirements of electricity consumption, which increases by 3-4% per year.
As to what kind of power plant it is, this will be determined by the outcome of a study by the Electricity Generating Authority of Thailand after consultations with every party. If a new power plant is not constructed, the South will start to face the problem of electricity shortages around March 2020.
http://nwnt.prd.go.th/CenterWeb/News...C6012230010009