Reasons for Thailand to smile?
Thailand's energy sector is struggling to cope with rising demand and maturing fields. Investors are not flocking to help
A military coup in Thailand in May 2014 was hardly unusual for the country. It has been ruled by military governments 12 times since the end of absolute monarchy rule in 1932, but still managed growth at an average annual rate of 7.5% during the boom years of 1960 to 1996. Growth at that level has, however, yet to reappear under the latest military junta. Still, some are optimistic. The World Bank predicts that Thailand's GDP will grow 3.2% this year, up from 2.5% in 2016. The rulers have announced a raft of measures designed to stimulate growth, part of a 20-year strategic plan outlined in March this year. The plan also promised general elections in 2018, though a vote has been promised rep
Also in this section
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
27 March 2025
Awards celebrate global innovation, leadership and achievement across the energy sector’s people, projects, technologies and companies.
26 March 2025
Well-functioning democracies are required for healthier economies and a thriving oil industry
