Bangkok--Jan 24--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 November 2004 as follow:
1.Demand
In 2004, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 7.9% from last year to 1,132,700 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 714,100 b/d, an increase of 10% over the previous year. Demand for diesel oil 334,300 b/d up 11.7%; gasoline 132,000 b/d up 0.9%; fuel oil 105,900 b/d up 22.7%; aviation fuel increased by 13.2% to 72,600 b/d; LPG up 1% to 68,900 b/d and kerosene decreased 37.1% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 4.5% to reach 418,600 b/d. Of the total, 178,000 b/d was used for power generation of EGAT, decreased by 0.7%; 198,000 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 7.03% and gas demand for industries increased by 14.6% to 42,500 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 129.1% to 600 b/d.
Remark: Ratchaburi Power Plant is reclassified as IPP
2. Procurement
On the supply side, petroleum procurement averaged 1,537,000 b/d, up 8.8%.
2.1 Overseas sources
Import oil totaled 1,019,800 b/d up 12.5% from the same period of last year. Import products were crude 861,500 b/d, increased by 12.1%; natural gas from Myanmar 124,800 b/d, increased by 3.3%; and refined products 33,500 b/d, increased by 96.2%.
Thailand’s refined product imported in January - November this year were diesel 14,300 b/d, increased by 55.9%; 14,100 b/d of fuel oil, increased by 256.1%; gasoline 3,700 b/d, increased by 16.5%; aviation fuel 900 b/d, increased by 17%; and LPG 500 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. 15.173 billion, 88.11% or Bt 7.107 billion higher than the same period of last year.
Total crude imported from the Middle East was 692,300 b/d, increased by 14.1%; from the Far East 119,300 b/d, decreased 8.7%; and from other sources 49,900 b/d, increased 61.4%. The total cost of crude oil bills was Bt. 421.792 billion, 34.08% or Bt 107.196 billion higher than the same period of last year.
Meanwhile, the total cost for imported natural gas was approximately Bt. 42.087 billion, an increase of Bt. 1.49 billion or equivalent to 3.67%.
2.2 Indigenous sources
Domestic sources provided 517,200 b/d of petroleum, increased by 2.2% from last year. Supplies of indigenous petroleum were 360,800 b/d of natural gas increased by 4.1%; crude 84,900 b/d, decreased by 12.4% and condensate 71,500 b/d, up 14.4%. End.