Bangkok--Oct 18--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 August 2004 as follow:
1.Demand
In 2004, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 8% from last year to 1,123,800 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 714,100 b/d, an increase of 10.7% over the previous year. Demand for diesel oil 328,700 b/d up 9.4%; gasoline 135,300 b/d up 3.6%; fuel oil 109,100 b/d up 31.9%; aviation fuel increased by 15.3% to 72,500 b/d; LPG up 0.7% to 68,100 b/d and kerosene decreased 43.7% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 3.4% to reach 409,700 b/d. Of the total, 173,800 b/d was used for power generation of EGAT, decreased by 3.2%; 193,800 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 7.73% and gas demand for industries increased by 14.5% to 41,700 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 58.9% to 400 b/d.
Remark: Ratchaburi Power Plant is reclassified as IPP
2. Procurement
On the supply side, petroleum procurement averaged 1,517,600 b/d, up 6.8%.
2.1 Overseas sources
Import oil totaled 1,019,300 b/d up 10.8% from the same period of last year. Import products were crude 853,000 b/d, increased by 8.6%; natural gas from Myanmar 121,000 b/d, increased by 0.7%; and refined products 45,300 b/d, increased by 211.4%.
Thailand’s refined product imported in January - August this year were 19,400 b/d of fuel oil, increased by 3,035.6%; diesel 18,600 b/d, increased by 71.3%; gasoline 5,100 b/d, increased by 156.7%; aviation fuel 1,300 b/d, increased by 14%; LPG 700 b/d; and kerosene 200 b/d. During the same period of last year, there were no import of LPG and kerosene. The total cost of imported refined product was Bt. 14.742 billion, 175.5% or Bt 9.391 billion higher than the same period of last year.
Total crude imported from the Middle East was 688,400 b/d, increased by 10.3%; from the Far East 122,500 b/d, decreased 8.4%; and from other sources 42,100 b/d, increased 54.7%. The total cost of crude oil bills was Bt. 279.076 billion, 17.94% or Bt 42.442 billion higher than the same period of last year.
Meanwhile, the total cost for imported natural gas was approximately Bt. 29.293 billion, a decreased of Bt. 1.356 billion or equivalent to 4.43%.
2.2 Indigenous sources
Domestic sources provided 498,300 b/d of petroleum, decreased by 0.4% from last year. Supplies of indigenous petroleum were 354,900 b/d of natural gas increased by 3.7%; crude 72,600 b/d, decreased by 25.2% and condensate 70,800 b/d, up 15.7%.
Corporate Public Relations Department
PTT Public Company Limited End.
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