Regulations allow petroleum production licences to be renewed several times
The Erawan gas block in the Gulf of Thailand is operated by PTTEP.
The government is moving closer to approving new regulations that would allow petroleum production licences to be renewed multiple times, a significant shift aimed at strengthening investment in exploration and production.Prasert Sinsukprasert, the energy permanent secretary, said the amendment to the Petroleum Act is designed to ensure continuity in energy development and reduce reliance on costly liquefied natural gas (LNG) imports.
The current law permits only a single 10‑year renewal, a restriction that has caused delays in petroleum projects.
The Department of Mineral Fuels (DMF) announced earlier it would submit the draft amendment to the cabinet and the Council of State for consideration.
