Thai energy firms are on an expansion spree across Southeast Asia

Thanks to increased government support on energy policies.

Reuters reported that Thai energy companies are on a roll. The national oil and gas champion, a coal miner and power utility, upstart solar and wind companies, virtually all are expanding across Southeast Asia, applying practices and technology developed at home.

Thailand is reaping the benefits of two decades of government energy policies that have supported the sector. Companies are also profiting from oil and gas prices that are recovering from a three-year slump, increasing electricity demand due to economic growth, and renewable technologies that have become competitive against fossil fuels.

Also, while the military junta that has ruled Thailand since mid-2014 has put no stamp of its own on the energy sector, it has targeted infrastructure spending to boost the economy and prioritized investment in hi-tech industries.

View the full report here.