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Energy Ministry to hold bidding for gas exploration in Bongkot and Erawan blocks

23 Sept 05:32 Key points summarised by AI

The Energy Ministry will proceed with bidding for gas exploration in the Bongkot and Erawan concession blocks in the Gulf of Thailand, utilizing the Production Sharing Contract (PSC) format.
The bidding process is expected to take two months, with the winner anticipated to be announced by year-end, despite an energy advocacy group proposing a 'hiring' format to lower domestic energy prices.
The chairman of the energy reform committee supports the auction to ensure a continuous gas supply and suggests establishing a PSC organization to enhance transparency in energy regulation.

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.