Jun 1, 2012

Thailand - PTT head calls for balance

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Asean countries need to find ways to balance energy accessibility, energy price restructuring, and environmental issue, and create power connectivity in the region, says Pailin Chuchottaworn, the president and chief executive officer of PTT.

"East Asia is still facing energy accessibility problem, expensive energy prices, and environmental disputes. All three pillars always do not have yet a balance," said the co-chair of the World Economic Forum on East Asia on the sideline of "New Energy Architecture for East Asia" brainstorming session.

"If the energy prices are low, people are normally prone to ignore energy saving and cautious consumption, resulting in environmental problem. This is the weakness of East Asia and this will be an obstacle if we want to grow sustainably," he said.

About 100 representatives in the energy sector including government officials and private companies, were engaged in the brainstorming session yesterday.

Preliminary conclusion about how to balance the three major energy problems will be reported after the two-day WEF finishes on Friday. Mr Pailin said high investment costs, lack of human resources and low technology were also mentioned as the main obstacles in the energy sector.

As the implementation of Asean Economic Community getting close, he said underlined energy industry cooperation was among the top issue being discussed. Thailand, for instance, has a collaboration between Laos in electricity supply, while the agreements were made with Malaysia and Myanmar on the natural gas supply. Expansion such cooperation with other Asean countries is needed, he said.

Energy Minister Arak Chonlatanon said the ministry at the forum will discuss more cooperation in natural gas investment with Myanmar counterpart, adding clean coal, LNG and algae fuel will be main topics of talks with Australia.

Nalin Viboonchart


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