Local structure needed to be a hub | Bangkok Post: business

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Local structure needed to be a hub

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Thailand has competitive strengths to become an energy hub in Asean and reap the benefits of regional integration, but policies are required to create more a diversified, efficient and integrated energy structure, says a report prepared by the Switzerland-based World Economic Forum (WEF). 

The report cited a need for Thailand to phase out its fossil fuel subsidies, which have led to high costs for the economy and growing domestic consumption.

Thailand's strong agricultural base and long-standing experience in the biofuels sector could position the country to become the Brazil of Asean, and the government has already stated its objective of becoming a hub for ethanol trade.

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