Bangkok--Dec 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 October 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 1,127,600 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 711,300 b/d, an increase of 10.3% over the previous year. Demand for diesel oil 331,200 b/d up 11.3%; gasoline 132,400 b/d up 1.8%; fuel oil 106,500 b/d up 24.8%; aviation fuel increased by 14.1% to 72,200 b/d; LPG up 0.6% to 68,600 b/d and kerosene decreased 38.8% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 3.9% to reach 416,300 b/d. Of the total, 176,900 b/d was used for power generation of EGAT, decreased by 1.5%; 196,800 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 7.14% and gas demand for industries increased by 13.1% to 42,100 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 107.1% to 500 b/d.
Remark: Ratchaburi Power Plant is reclassified as IPP
2. Procurement
On the supply side, petroleum procurement averaged 1,525,000 b/d, up 6.5%.
2.1 Overseas sources
Import oil totaled 1,009,600 b/d up 8.9% from the same period of last year. Import products were crude 849,400 b/d, increased by 7.3%; natural gas from Myanmar 123,600 b/d, increased by 1.7%; and refined products 36,600 b/d, increased by 154%.
Thailand’s refined product imported in January - October this year were 15,500 b/d of fuel oil, increased by 776.5%; diesel 15,400 b/d, increased by 68.3%; gasoline 4,100 b/d, increased by 55.6%; aviation fuel 1,000 b/d, increased by 15.3%; and LPG 600 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. 14.972 billion, 133.29% or Bt 8.554 billion higher than the same period of last year.
Total crude imported from the Middle East was 674,700 b/d, increased by 7.8%; from the Far East 124,600 b/d, decreased 8.3%; and from other sources 50,100 b/d, increased 68%. The total cost of crude oil bills was Bt. 369.212 billion, 25.18% or Bt 74.251 billion higher than the same period of last year.
Meanwhile, the total cost for imported natural gas was approximately Bt. 37.834 billion, an increase of Bt. 464 million or equivalent to 1.25%.
2.2 Indigenous sources
Domestic sources provided 515,400 b/d of petroleum, increased by 2.1% from last year. Supplies of indigenous petroleum were 359,700 b/d of natural gas increased by 4%; crude 84,300 b/d, decreased by 12.9% and condensate 71,400 b/d, up 14.7%.
Corporate Public Relations Department
PTT Public Company Limited End.