A public hearing was held on the draft amendment to the Petroleum Act, B.E. 2514 (1971), under which a specific legal framework has been developed to accommodate carbon capture and storage (CCS) related activities. The Draft Petroleum Act will regulate “carbon business” as activities, similarly to the regulation of conventional petroleum concessions. This time, we will explore some notable concepts in relation to CCS that are introduced in the Draft Petroleum Act.
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