Bangkok--Feb 15--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 December 2004 as follow:
1.Demand
In 2004, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 7.7% from last year to 1,132,700 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 716,100 b/d, an increase of 9.5% over the previous year. Demand for diesel oil 337,500 b/d up 11.6%; gasoline 131,700 b/d up 0.1%; fuel oil 104,300 b/d up 21.2%; aviation fuel increased by 12.5% to 72,900 b/d; LPG up 1.2% to 69,300 b/d and kerosene decreased 35.2% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 4.8% to reach 416,600 b/d. Of the total, 177,300 b/d was used for power generation of EGAT, unchanged from a year earlier; 196,300 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 7.4% and gas demand for industries increased by 13.8% to 42,400 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 147.6% to 600 b/d.
Remark: Ratchaburi Power Plant is reclassified as IPP
2. Procurement
On the supply side, petroleum procurement averaged 1,406,700 b/d, up 8.8%.
2.1 Overseas sources
Import oil totaled 933,600 b/d up 12.6% from the same period of last year. Import products were crude 788,500 b/d, increased by 12.1%; natural gas from Myanmar 114,300 b/d, increased by 3.3%; and refined products 30,800 b/d, increased by 96.3%.
Thailand’s refined product imported this year were diesel 13,100 b/d, increased by 56%; 12,900 b/d of fuel oil, increased by 256.2%; gasoline 3,400 b/d, increased by 16.5%; aviation fuel 900 b/d, increased by 17%; and LPG 500 b/d. Last year, there was no import of LPG and kerosene. The total cost of imported refined product was Bt. 15.269 billion, 64.19% or Bt 5.969 billion higher than last year.
Total crude imported from the Middle East was 633,600 b/d, increased by 14.1%; from the Far East 109,200 b/d, decreased 8.7%; and from other sources 45,700 b/d, increased 61.4%. The total cost of crude oil bills was Bt. 469.214 billion, 35.57% or Bt 123.102 billion higher than the previous year.
Meanwhile, the total cost for imported natural gas was approximately Bt. 45.967 billion, an increase of Bt. 2.85 billion or equivalent to 6.61%.
2.2 Indigenous sources
Domestic sources provided 473,100 b/d of petroleum, increased by 2.2% from last year. Supplies of indigenous petroleum were 330,200 b/d of natural gas increased by 4.1%; crude 77,700 b/d, decreased by 12.4% and condensate 65,200 b/d, up 13.8%. End.