Executive Forum reinforces Thailand’s Energy Transition goals
Bangkok, Thailand & Singapore – Two leading energy institutions, the Petroleum Institute of Thailand (PTIT) and the Asia Natural Gas & Energy Association (ANGEA), convened more than 300 global leaders from government, industry, academia and research organisations to promote and support Thailand’s Energy Transition goals on March 21, 2023 in Bangkok, Thailand.
Thailand’s six-point plan to achieve carbon neutrality and net-zero GHG emission targets by the years 2050 and 2065, respectively, relies on deploying technologies such as Carbon Capture & Storage (CCS) at scale across the energy and industrial sectors.
The Energy Transition Executive Forum was created as a platform for policymakers, industry players, and academia to work together and advance the commercial deployment of low and net zero technologies like Carbon Capture, Utilisation & Storage (CCUS), hydrogen and ammonia in Thailand.
Speakers included representatives from the Department of Mineral Fuels, EGAT, Office of Natural Resources and Environmental Policy and Planning, Thailand Greenhouse Gas Management Organization, Western Australia Government, Asia CCUS Network, PTT, PTTEP, Chevron, Exxon, Northern Lights JV, Thai Nippon Steel Engineering & Construction, JGC Holdings, SCG and CO2CRC.
The Executive Forum examined a range of energy transition challenges and opportunities, including commercial, regulatory and policy frameworks through knowledge sharing and international case studies based on large scale CCUS projects operating globally.
“ANGEA member companies are already investing in new technologies – renewable fuels, hydrogen, ammonia, carbon capture and storage, geothermal and new transport and delivery mechanisms – to establish an energy system for tomorrow that is more secure, low carbon and enables economic growth”, said Paul Everingham, ANGEA CEO.
“Meeting the energy transition challenge will require partnership and committed collaboration with government, industries and community. The partnership with PTIT is an example of how we can work collaboratively to help advance national goals by sharing learnings, best practices and global expertise to facilitate sound policymaking and support the conditions for industry development and investment in the energy transition. We are grateful for PTIT’s leadership in this critical area.”
PTIT Executive Director Dr. Kurujit Nakornthap said: “Natural Gas is an important bridging fuel for the energy transition, and together with technologies such as CCS, would help bring about our decarbonisation aspiration. This Forum was an opportunity to hear from Thai and global experts in CCS/CCUS and other net zero technologies – with the goal of advancing knowledge and capabilities in Thailand. Achieving Thailand’s net zero goals will require strong partnerships and clear leadership; and we all have a role to play. I want to thank ANGEA for their support of Thailand’s energy transition goals.”
The Petroleum Institute of Thailand (PTIT) is a neutral, independent, non-profit organization established in September 1985, with a mission to foster a better understanding of the petroleum, petrochemical, energy, and related industries in Thailand with emphasis on human resources development, information services, technical services, public policy and regulatory support, to ensure sustainable development and competitiveness of the industry and the country.
Read more: https://www.ptit.org/about
The Association has been founded to work constructively with governments, society and industry to build effective and integrated energy policies that meet each country’s climate objectives while promoting national and regional economic sustainable growth. Natural gas is a strategic, reliable and affordable energy which supports social and economic growth while enabling the region’s transition to a long-term lower carbon and renewable energy mix.