Thailand says domestic oil conditions are starting to stabilise
Deputy PM Sihasak Phuangketkeow says Thailand is monitoring supply closely and believes the country’s oil and energy situation is likely to remain stable.
- A Thai official has stated that the country's domestic oil situation is starting to stabilize following discussions with Oman.
- Oman has offered to supply Thailand with its surplus oil if needed, which would help secure the nation's supply.
- Talks with Oman also focused on facilitating the safe passage of Thai cargo vessels through the Strait of Hormuz.
- To prevent future shortages, Thailand's government is negotiating with various countries to secure alternative oil sources.
Sihasak Phuangketkeow, Minister of Foreign Affairs, said on April 21 at Government House after talks with Oman aimed at facilitating the passage of Thai cargo vessels through the Strait of Hormuz that the situation was now beginning to stabilise.
He said Oman had indicated that, if Thailand needed additional oil, it had surplus output available and was ready to supply it, provided Thailand gave advance notice.
Sihasak said whether Thailand would buy more oil from Oman would depend on whether the country had additional demand, and further price negotiations would also be required.
He added that Thailand was already using a large amount of oil from this region.
Addressing concerns that an oil shortage could emerge in May and June, Sihasak said the Ministry of Foreign Affairs was trying to hold talks with various countries to secure oil supply sources as a fallback.
He said the detailed negotiations would need to be handled by the Ministry of Energy or PTT, and assessed that the current oil and energy situation was likely to remain stable.
