FTI discusses Energy Security with Minister, Refinery Group confirms oil supply

Matichon•Economy•9h ago

Reader Briefing

The Federation of Thai Industries (FTI) met with the Minister of Energy to discuss energy policy and transition strategies, with the oil refinery group affirming sufficient domestic oil supply.

•The Federation of Thai Industries (FTI) met with the Minister of Energy on May 29, 2024, to discuss national energy strategy.
•Key discussion points included energy security, a pragmatic energy transition, and ensuring competitive energy costs for industries.
•The FTI's refinery group confirmed that Thailand has an adequate oil supply and robust reserve management plans.
•Both parties agreed on the importance of 'Energy Security' as a fundamental factor for economic development and investor confidence.

Overview

•On May 29, 2026, the Federation of Thai Industries (FTI) executive board, led by President Pimjai Liangsaddh Anasakul, met with the Minister of Energy, Ekkanat Prompan, at the EnCo Building.
•FTI presented its vision and policies, including the '5I' strategy for the 2026–2028 term, aimed at enhancing industrial competitiveness and ensuring balanced long-term growth.
•Both the Ministry of Energy and FTI agreed that 'energy' is a fundamental factor connecting all dimensions of development, including investment, production, technology, digital industry, and achieving net-zero emissions.
•Minister Ekkanat Prompan welcomed FTI, expressing confidence in close collaboration to drive the energy and industrial sectors forward.
•Ekkanat Prompan acknowledged that energy is crucial for attracting investment, adding economic value, and enhancing national competitiveness, serving as a key driver for the long-term Thai economy.
•Mongkol Hengrochanasopon, President of the FTI Institute of Energy for Industry, emphasized that energy is a strategic factor for national competitiveness, security, and long-term economic development.
•Rungnapha Chansukiat, President of the Petrochemical Refining Industry Group, assured that Thailand has sufficient oil supply, with comprehensive reserve management and diversified crude oil sourcing to enhance energy security.
•The meeting explored private sector access to clean energy via Direct PPAs, promotion of biofuels and clean energy, Smart Grid development, energy storage systems, and enhancing energy system flexibility.

Full article content is available on the original source.

Read on Matichon (Thai Version)View in Google Translate

Source: Matichon (Original)

Key Quotes

Pimjai Liangsaddh Anasakul

"The industrial sector believes Thailand should have a 'Pragmatic Energy Transition' approach suitable for the country's context, balancing energy security, competitiveness, affordability, and sustainability simultaneously."

ภาคอุตสาหกรรมเห็นว่า ประเทศไทยควรมีแนวทาง “Pragmatic Energy Transition” ที่เหมาะสมกับบริบทของประเทศ โดยรักษาสมดุลระหว่างความมั่นคงทางพลังงาน (Energy Security) ความสามารถในการแข่งขัน (Competitiveness) การเข้าถึงพลังงานในต้นทุนที่เหมาะสม (Affordability) และความยั่งยืน (Sustainability) ไปพร้อมกัน

Ekkanat Prompan

"Various measures will be carefully considered in all dimensions to avoid impacting the country's energy stability."

การดำเนินมาตรการต่าง ๆ จะพิจารณาอย่างรอบคอบในทุกมิติ เพื่อไม่ให้กระทบต่อเสถียรภาพด้านพลังงานของประเทศ

Rungnapha Chansukiat

"Thailand has sufficient oil supply for its needs and has comprehensive plans for oil reserve management."

ประเทศไทยมีปริมาณน้ำมันเพียงพอต่อความต้องการใช้ และมีการวางแผนบริหารจัดการสำรองน้ำมันอย่างรอบด้าน

Key Entities

Organization

Federation of Thai Industries(สภาอุตสาหกรรมแห่งประเทศไทย)ℹ️

A leading industrial organization in Thailand that met with the Minister of Energy to discuss national energy policy.

FTI Institute of Energy for Industry(สถาบันพลังงานเพื่ออุตสาหกรรม ส.อ.ท.)

An institute under the Federation of Thai Industries that focuses on energy-related issues for the industrial sector.

FTI Petrochemical Refining Industry Group(กลุ่มอุตสาหกรรมโรงกลั่นน้ำมันปิโตรเลียม ส.อ.ท.)

An industry group within the Federation of Thai Industries representing oil refineries, which assured sufficient oil supply.

Person

Ekkanat Prompan(เอกนัฏ พร้อมพันธุ์)

The Minister of Energy who met with the Federation of Thai Industries to discuss energy security and policy.

Pimjai Liangsaddh Anasakul(พิมพ์ใจ ลี้อิสสระนุกูล)

President of the Federation of Thai Industries (FTI) who led the delegation to meet the Minister of Energy.

Mongkol Hengrochanasopon(มงคล เฮงโรจนโสภณ)

President of the FTI Institute of Energy for Industry who presented the industrial sector's perspective on energy transition.

Rungnapha Chansukiat(รุ่งนภา จันทร์ชูเกียรติ)

President of the FTI Petrochemical Refining Industry Group who confirmed sufficient domestic oil supply and robust reserve management.

Place

Energy Complex (EnCo) Building B(ศูนย์เอนเนอร์ยี่ คอมเพล็กซ์ (EnCo) อาคารบี)

The location where the meeting between FTI executives and the Minister of Energy took place.