Open Mon - Fri 10:00-19:00
Email: contact@univoyageexim.com Call Now! +91-8446338954
Open Mon - Fri 10:00-19:00
Email: contact@univoyageexim.com Call Now! +91-8446338954

Energy minister shifts crude imports to West Africa, US amid Hormuz risk


On measures to suspend oil exports for domestic energy security, he said Laos would be exempt, with Thailand still supplying some oil because Thailand continues to rely on energy from Laos.

However, controls will be tightened to prevent onward shipment to third countries.

For countries with pre-existing purchase contracts, the ministry will proceed accordingly, while also checking and seeking cooperation from oil traders to ensure there is no stockpiling beyond what is necessary.

For LPG, he said there has been no impact at present.

For April, the ministry will manage supply through refineries and petrochemical sources, and may procure additional volumes from Petronas (Malaysia).

For LNG, which Thailand imports from Qatar and which must pass through the Strait of Hormuz, the ministry is checking whether deliveries can proceed.

It has also negotiated for spot LNG from other suppliers such as the United States, and is considering postponing maintenance plans to reduce impacts.

He noted that spot LNG procurement could be priced higher than the level set by the regulator and could affect Thailand’s pool gas price, but said the ministry will manage the situation to avoid impacts on reserve volumes and prices.



Source link

Leave a Reply