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The Latest Breaking News from Energy Ministry

Royal Saudi Navy Concludes 'Tasaddi 5' Drill

The Royal Saudi Naval Forces, represented by the Eastern Fleet, concluded the joint naval exercise “Tasaddi 5.” The Interior Ministry, represented by border guards in the Eastern Province, and the Energy Ministry, represented by Saudi Aramco and Aramco Gulf Operations, participated in the drills. The five-day drill kicked off at…

Asharq Al-Awsat

Ministry urged to cut power reserve

Energy advocates are demanding the Energy Ministry reduce the country's huge surplus of power generation capacity in reserve as part of efforts to curb a surge in power bills in 2023.

Bangkok Post

Ministry to tame surge in fuel tariff

The Energy Ministry is working to slow down the fuel tariff (Ft) surge, following an order by the prime minister after he received a plea from business leaders to cap the Ft for one year.

Bangkok Post

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Fuel tariff needs fixing

An increase in fuel tariff, or FT, planned for the business sector beginning next month needs to be reviewed.

Bangkok Post

Saudi Arabia Targets Tuwaiq with $760 Bn Projects

Saudi Minister of Energy Prince Abdulaziz bin Salman, Minister of Investment Khalid al-Falih, and the National Center for Industrial Development CEO, Abdul Rahman al-Qirtas, signed an agreement to support the sustainable growth of the Kingdom’s manufacturing sector. The partnership takes Vision 2030 ambitions a step closer towards economic diversification and…

Asharq Al-Awsat

Most Ukrainians Left without Power after New Russian Strikes

A punishing new barrage of Russian strikes on Ukrainian infrastructure on Wednesday caused power outages across large parts of the country as well as neighboring Moldova, piling more damage onto Ukraine’s already battered power network and adding to the misery for civilians as winter begins. Multiple regions reported attacks in…

Asharq Al-Awsat

Thailand, Saudi Arabia agree on energy cooperation

Thailand and Saudi Arabia have signed a number of agreements to cooperate in sectors including energy and tourism as the two countries gradually restore full diplomatic ties.

Bangkok Post

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In need of an energy 'saver'

The government is considering launching a mandatory energy-saving campaign featuring drastic measures amid what appears to be an increasingly bleak energy outlook.

Bangkok Post

Israel Grants Energean Permission to Start Production at Offshore Karish Gas Field

Israel granted Energean permission to start production at the offshore Karish gas field on Tuesday, an Energy Ministry statement said. Energean has said its floating production storage and offloading vessel is due to start production at Karish in the third quarter but has not given a precise date. On Oct.…

Asharq Al-Awsat

Tunisia Hikes Cooking Gas, Fuel Prices in Bid to Cut Subsidies

Tunisia said on Saturday it is raising the price of cooking gas cylinders by 14% and fuel by 3% as part of a plan to reduce energy subsidies, a policy change wanted by the country’s international lenders. The Energy Ministry said the cooking gas price will increase to 8.800 dinars…

Asharq Al-Awsat

Court asked to rule on power plan

The Constitutional Court has accepted for consideration a petition seeking its ruling on whether the Power Development Plan (PDP) for 2018-2037 is constitutional.

Bangkok Post

Come clean on Ft charge

The cabinet decision to guarantee a huge loan to be taken out by the Electricity Generating Authority of Thailand (Egat) to ease the effect of the higher fuel tariff (Ft) seems a bad idea.

Bangkok Post

Cyprus says new gas discovery aids Europe's energy search

Cyprus’ Energy Ministry says a new gas discovery off the island’s southern coast that’s estimated to contain around 2.5 trillion cubic feet of the hydrocarbon helps bolster Europe’s efforts to secure alternative energy sources

The Independent UK

Fire at energy ministry building under control

A fire broke out at the Energy Ministry on Sunday but was quickly brought extinguished by firefighters.

Bangkok Post

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Bangkok Post

Prayut cancels planned power tariff hike

A new higher power tariff is to be postponed following an intervention by Prime Minister Prayut Chan-o-cha to curb rising living costs, says a source at the Energy Ministry.

Bangkok Post

Fighting Thailand's energy price wars

State energy subsidies have assumed a prominent role in the Thai economy since the start of the Russia-Ukraine war in February.

Bangkok Post

Govt mulls ways to keep State Oil Fund from sinking

The Energy Ministry is considering ways to boost the State Oil Fund, which is more than 100 billion baht in debt, a well-placed source revealed on Tuesday.

Tribune News Service

Argentina Economy Minister Guzman resigns as divisions grow

Argentine Economy Minister Martin Guzman resigned Saturday, marking the biggest departure of President Alberto Fernandez’s government after infighting within the ruling coalition escalated.

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Bangkok Post

Why the Oil Fuel Fund is overburdened

The Energy Ministry an-nounced that the mounting debt of the state Oil Fuel Fund exceeded 100 billion baht as of yesterday. While a recent nudge from Kla Party leader Korn Chatikavanij, a former finance minister, shed more light on pressing issues surrounding energy and resulting in the government requesting cooperation…

Reuters

Ecuador to halt pumping oil within 48 hours amid protests - Bloomberg News

Ecuador will likely suspend oil production completely within 48 hours if road blocks and vandalising of oil wells continue, Bloomberg News reported on Sunday, citing an emailed statement from the Energy Ministry.

Bangkok Post

PM kicks for touch on fuel, food prices

Wise men say putting the right man in the right job will get it done and done well. So when Prime Minister Prayut Chan-o-cha last week assigned the National Security Council (NSC) to take the lead in tackling energy and food problems, many eyebrows were raised, questioning the rationale of…

Bangkok Post

Ministry ridiculed over clay stove idea

The Energy Ministry insists it did not intend to promote Tao Maha Setthee (super rich clay stoves) as a substitute for their gas equivalents, saying it was merely a way for households to save on expenses.

Bangkok Post

Explainer: Moving to curb pump prices

Lowering the gross refining margin is a top priority for the government.

Bangkok Post

New energy subsidy being devised

The Energy Ministry will aim to cap the retail price of diesel at no more than 35 baht per litre until the end of this month as it waits for new energy price subsidy measures to be approved, permanent secretary for energy Kulit Sombatsiri said on Tuesday.

Bangkok Post

Govt eyes slice of refineries' pie

The government will consider using profits from oil refinery margins to help support the Oil Fuel Fund as it continues to subsidise fuel prices despite having slipped 85 billion baht into the red.

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Supattanapong Punmeechaow

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