Bangkok--Mar 23--PTT
Mr.Pongpayak Sathienpakiranakorn, Vice President of Corporate Public Relations Department, PTT Public Company Limited reports a National Oil Balance of January 2005 as follow:
1.Demand
In 2005, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 7.3% from last year to 1,124,100 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 709,800 b/d, an increase of 2.7% over the previous year. Demand for diesel oil 350,800 b/d up 10%; gasoline 124,100 b/d down 8.9%; fuel oil 86,200 b/d down 6.6%; aviation fuel up 3.5% to 76,200 b/d LPG up 3.9% to 72,100 b/d and kerosene decreased 1.6% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 16.3% to reach 414,300 b/d. Of the total, 165,600 b/d was used for power generation of EGAT, increased by 9.7%; 202,500 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 22.88% and gas demand for industries increased by 11.9% to 45,200 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 305.3% to 1,000 b/d.
2.Procurement
On the supply side, petroleum procurement averaged 1,538,000 b/d, up 3%.
2.1 Overseas sources
Import oil totaled 999,300 b/d down 1.4% from the same period of last year. Import products were crude 831,000 b/d, decreased by 9.2%; natural gas from Myanmar 134,300 b/d, increased by 70.1%; and refined products 34,000 b/d, increased by 74.7%.
Thailand’s only refined product imported in January this year was 34,000 b/d of diesel, increased by 74.7%. The total cost of imported refined product was Bt. 2.063 billion, up 121.12% from last year or equivalent to Bt. 1.13 billion.
Total crude imported from the Middle East was 660,300 b/d, decreased by 11.5%; from the Far East 109,800 b/d, decreased 28.2%; and from other sources 60,900 b/d, increased 273%. The total cost of crude oil bills was Bt. 42.603 billion, 17.13% higher from last year or equivalent to Bt.6.229 billion.
Meanwhile, the total cost of natural gas imported from Myanmar was approximately Bt. 4.196 billion, an increased of Bt. 1.823 billion or equivalent to 76.8%.
2.2 Indigenous sources
Domestic sources provided 538,700 b/d of petroleum, up 12.3% from last year. Supplies of indigenous petroleum were 370,700 b/d of natural gas increased by 7.6%; crude 99,800 b/d, increased by 48.9% and condensate 68,200 b/d, down 0.4%.
Corporate Public Relations Department
PTT Public Company Limited End.