BANGKOK, Thailand – Prime Minister and Minister of Interior Anutin Charnvirakul confirmed that Thailand is not facing fuel shortages and maintains one of the most secure oil reserve levels in ASEAN.
The Prime Minister stated that Thailand continues to supply oil to the Lao People’s Democratic Republic under existing agreements. He added that major oil traders and refineries have assured the government that domestic fuel supplies remain stable and sufficient.
While tensions in the Middle East have raised concerns about global energy supply, the Prime Minister said the government has taken steps to strengthen Thailand’s energy security. Measures include restricting oil exports to third countries, promoting energy conservation, and adjusting fuel blending formulas to extend oil reserves.
As a result, Thailand’s oil reserves are now estimated to last 90 to 100 days, up from previous estimates of about 60 days, reflecting strong energy security. He added that domestic natural gas production in the Gulf of Thailand and efforts to secure additional gas supplies further support the country’s energy stability.
The Prime Minister emphasized that Thailand currently holds one of the largest oil reserve capacities among ASEAN countries. In comparison, countries like Japan maintain reserves exceeding 200 days because of their larger economies, logistics systems, and industrial sectors.
The Prime Minister thanked the public for supporting energy conservation efforts and urged people not to panic or hoard fuel. He stated the government will continue to manage energy supplies carefully and is in discussions with international partners to secure additional oil if necessary. (NNT)
