Energy

Thai Petroleum Executive Manager, Mr. Anan Sirisangtaksin, revealed that the increasing demand for gas is a sign that the national economy is recovering after demand dramatically dropped in the first two quarters.

Pattaya is one of only four areas in Thailand participating in a unique program where electricity users can add as much money as they want into a new Smart Meter Card to prepay this reoccurring expense and at the same time check how much of their electric power is being use or wasted, announced Mr. Narit Srinuan Deputy Governor of Provincial Electricity Authority said at the opening ceremony of the Prepayment Meter Plan introduction provided by Regional Electricity Authority recently.

China’s Sinopec will acquire oil explorer Addax Petroleum for $7.2 billion, again flexing the country’s economic clout in what would be the largest overseas takeover ever by a Chinese company.

Deputy Minister of the Finance Ministry Mr. Puettachai Dumrongrut revealed on June 23, that the government is mulling over the idea of revising a new rate of gasoline excise tax due largely to the oil prices constantly increasing. Previously, the crude oil was only $40 dollars per barrel, but now the price is reaching $70 dollars per barrel.