Bangkok--Nov 25--PTT Public Company Limited
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 September 2004 as follow:
1.Demand
In 2004, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 7.8% from last year to 1,124,300 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 711,400 b/d, an increase of 10.3% over the previous year. Demand for diesel oil 329,100 b/d up 10.1%; gasoline 133,500 b/d up 2.4%; fuel oil 107,600 b/d up 28%; aviation fuel increased by 15.1% to 72,400 b/d; LPG up 0.4% to 68,400 b/d and kerosene decreased 41% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 3.7% to reach 412,900 b/d. Of the total, 175,400 b/d was used for power generation of EGAT, decreased by 2.2%; 195,100 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 7.32% and gas demand for industries increased by 13.8% to 42,000 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 84.6% to 400 b/d.
Remark: Ratchaburi Power Plant is reclassified as IPP
2. Procurement
On the supply side, petroleum procurement averaged 1,524,000 b/d, up 6.7%.
2.1 Overseas sources
Import oil totaled 1,012,100 b/d up 9.3% from the same period of last year. Import products were crude 849,200 b/d, increased by 7.2%; natural gas from Myanmar 122,200 b/d, increased by 1.4%; and refined products 40,700 b/d, increased by 207.8%.
Thailand’s refined product imported in January - September this year were 17,300 b/d of fuel oil, increased by 3,037%; diesel 16,900 b/d, increased by 69.8%; gasoline 4,500 b/d, increased by 156.8%; aviation fuel 1,100 b/d, increased by 14.5%; LPG 600 b/d; and kerosene 300 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. 14.902 billion, 172.63% or Bt 9.436 billion higher than the same period of last year.
Total crude imported from the Middle East was 680,500 b/d, increased by 8.3%; from the Far East 125,400 b/d, decreased 4.5%; and from other sources 43,300 b/d, increased 32.8%. The total cost of crude oil bills was Bt. 322.462 billion, 21.1% or Bt 56.183 billion higher than the same period of last year.
Meanwhile, the total cost for imported natural gas was approximately Bt. 33.413 billion, a decreased of Bt. 588 million or equivalent to 1.65%.
2.2 Indigenous sources
Domestic sources provided 511,900 b/d of petroleum, increased by 1.9% from last year. Supplies of indigenous petroleum were 357,200 b/d of natural gas increased by 3.8%; crude 83,700 b/d, decreased by 13.6% and condensate 71,000 b/d, up 15.4%. End.