GOVT CONCESSIONS RETHINK Meanwhile, Reuters reported that Thai government policymakers are planning to meet on Monday to discuss increasing the government's share of the revenue in return for extending the contracts, which are due to expire in 2022-2023. If they fail to reach new deals, another option would be to put the concessions up for auction. The energy ministry would only negotiate with the oil companies after getting cabinet approval. The two contracts at issue account for about 65% of Thailard's total petroleum output. Under the existing deals, the government receives taxes and royalties equivalent to about 67% of pretax rofits from production. hailand relies on natural gas to generate nearly 70% of its power and is under pressure to secure long- rm energy supplies as its own resources are expected to run out in six to seven years. bout a fifth of its supplies are piped in from neighbouring Myanmar but imports are likely to fall as the untry is expected to use more of its natural gas for its own development.