Bangkok--Sep 22--PTT
Mr.Pongpayak Sathienpakiranakorn, Vice President of Corporate Public Relations Department, PTT Public Company Limited reports a National Oil Balance for the period from January to July 2004 as follow:
1.Demand
In 2004, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 7.2% from last year to 1,114,500 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 707,200 b/d, an increase of 10% over the previous year. Demand for diesel oil 330,200 b/d up 10.2%; gasoline 136,200 b/d up 4.6%; fuel oil 110,400 b/d up 34.6%; aviation fuel lowered by 1.8% to 62,300 b/d; LPG up 1.5% to 67,700 b/d and kerosene decreased 52.9% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 2.7% to reach 407,300 b/d. Of the total, 173,300 b/d was used for power generation of EGAT, decreased by 10.3%; 192,200 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 17.62% and gas demand for industries increased by 4.6% to 41,400 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 26.2% to 400 b/d.
Remark: Ratchaburi Power Plant is reclassified as IPP
2. Procurement
On the supply side, petroleum procurement averaged 1,509,900 b/d, up 8.8%.
2.1 Overseas sources
Import oil totaled 1,014,500 b/d up 13.6% from the same period of last year. Import products were crude 847,000 b/d, increased by 11.8%; natural gas from Myanmar 119,500 b/d, increased by 0.5%; and refined products 48,000 b/d, increased by 188.3%.
Thailand’s refined product imported in January - July this year were 20,600 b/d of diesel, increased by 66.3%; fuel oil 19,200 b/d, increased by 2,593.3%; and gasoline 5,800 b/d, increased by 156.5%. The total cost of imported refined product was Bt. 13.594 billion, 156.80% or Bt 8.301 billion higher than the same period of last year.
Total crude imported from the Middle East was 679,500 b/d, increased by 15.1%; from the Far East 121,100 b/d, decreased 13.9%; and from other sources 46,400 b/d, increased 73.5%. The total cost of crude oil bills was Bt. 232.756 billion, 12.4% or Bt 25.595 billion higher than the same period of last year.
Meanwhile, the total cost for imported natural gas was approximately Bt. 25.071 billion, a decreased of Bt. 1.496 billion or equivalent to 5.60%.
2.2 Indigenous sources
Domestic sources provided 495,400 b/d of petroleum, up 0.2% from last year. Supplies of indigenous petroleum were 354,400 b/d of natural gas increased by 4%; condensate 70,900 b/d, up 19.5% and crude 70,100 b/d, decreased by 25.6%
Corporate Public Relations Department
PTT Public Company Limited End.
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