Thailand's Energy Shift: A Cautionary Tale for Fossil Fuel Importers Thailand's decision to pivot from imported liquefied natural gas (LNG) to renewables and nuclear power serves as a stark reminder of the risks associated with relying on global commodity markets.
The move is driven by a recognition that the country's current dependence on imported natural gas leaves it vulnerable to external shocks, including rising energy costs, geopolitical tensions, and climate change.
The new plan aims to increase clean energy sources to 60% of the electricity mix within 25 years, more than doubling the previous target.