Bangkok--May 19--PTT
Mr.Pongpayak Sathienpakiranakorn, Vice President of Corporate Public Relations Department, PTT Public Company Limited reports a National Oil Balance of January-March 2005 as follow:
1.Demand
In 2005, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 6.7% from last year to 1,184,000 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 748,100 b/d, an increase of 3.3% over the previous year. Demand for diesel oil 368,700 b/d up 9.8%; gasoline 127,600 b/d down 6%; fuel oil 102,900 b/d down 5.5%; aviation fuel up 0.7% to 75,100 b/d LPG up 7% to 73,400 b/d and kerosene decreased 5.7% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 12.9% to reach 435,900 b/d. Of the total, 177,700 b/d was used for power generation of EGAT, increased by 7%; 214,000 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 19.49% and gas demand for industries increased by 6.1% to 43,200 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 267% to 1,000 b/d.
2.Procurement
On the supply side, petroleum procurement averaged 1,541,100 b/d, up 1.3%.
2.1 Overseas sources
Import oil totaled 1,006,300 b/d down 0.2% from the same period of last year. Import products were crude 826,400 b/d, decreased by 2.5%; natural gas from Myanmar 146,200 b/d, increased by 41.6%; and refined products 33,700 b/d, decreased by 41.2%.
Thailand’s refined products imported in March this year were 20,200 b/d of diesel, decreased by 35.2%; fuel oil 13,400 b/d, increased by 32.8%; and aviation fuel 100 b/d, decreased 97.7%. The total cost of imported refined products was Bt. 5.686 billion, down 28% from last year or equivalent to Bt. 2.213 billion.
Total crude imported from the Middle East was 675,500 b/d, decreased by 3.1%; from the Far East 96,800 b/d, decreased 24%; and from other sources 54,100 b/d, increased 131.3%. The total cost of crude oil bills was Bt. 127.977 billion, 28.57% higher from last year or equivalent to Bt.28.440 billion.
Meanwhile, the total cost of natural gas imported from Myanmar was approximately Bt. 13.281 billion, an increased of Bt. 4.215 billion or equivalent to 46.49%.
2.2 Indigenous sources
Domestic sources provided 534,800 b/d of petroleum, up 4.4% from last year. Supplies of indigenous petroleum were 373,700 b/d of natural gas increased by 5.3%; crude 95,200 b/d, increased by 17.5% and condensate 65,900 b/d, down 13.6%.
Corporate Public Relations Department
PTT Public Company Limited End.