Call to reform outdated oil laws to protect energy securityListen to this articlePTT Exploration and Production (PTTEP), Thailand's leading oil and gas company, has warned that outdated petroleum laws could threaten the country's energy security if they are not revised soon. The slowdown forced Thailand to import more liquefied natural gas, which is significantly more expensive than domestic supply. Current rules limit production licences to 30 years, with a possible 10-year extension. Gas production at Bongkot and Erawan has since recovered, but remains below previous levels, producing about 1.2 billion cubic feet per day compared with 2 billion cubic feet before the licence disputes. Mr Montri said reforming petroleum laws is essential to ensure an uninterrupted energy supply and to shield Thai consumers from future price shocks.

Source: Bangkok Post January 12, 2026 23:11 UTC