NFPT Project
— NFPT Project — Benefit
Benefit
Nation
- Promote energy security and increase efficiency of fuel transportation of Thailand.
- Enhance fuel transportation infrastructure of Thailand.
- Support national economic growth and ASEAN Economic Community (AEC) expansion.
People
- Confident in high safety and international standard of transportation system which ensure that fuel will not short supply during high demand.
- Reduce oil price gap between Northern and Bangkok areas.
- Prevent accidents caused by tank trucks.
Private Sector
- Promote free trade policy that all oil companies are eligible to use pipeline transportation system as open access.
- Decrease fuel transportation cost.
Environment
- The project is registered under VCS (VERRA) standard in order to generate carbon credit. The information of this project can be found at website Condition and details on double Counting and Participation under Other GHG Programs can be found at document attached
- Reduce GHG emissions , the project is in process of issuing carbon credit of 44,000 credits (tCO2e) during the monitoring period of 1 May 2019 - 31 October 2023
