An industry body (Petroleum and Energy Institute of Thailand) warns that outdated upstream oil and gas rules, slow licensing and stalled auctions (Round 25 onshore, Round 26 offshore) could cut domestic gas supply. Natural gas makes up nearly 60% of power generation, so more LNG imports, which cost significantly more, would likely raise electricity prices. Sinphuhorm and Sirikit concessions expire in 2029 and 2031 with no renewal under current law. For an SME, this is a medium-term energy cost risk to plan for in power budgets, not an action item this quarter.