Bangkok--Jun 15--PTT
Mr.Pongpayak Sathienpakiranakorn, Vice President of Corporate Public Relations Department, PTT Public Company Limited reports a National Oil Balance of January-April 2005 as follow:
1.Demand
In 2005, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 5.7% from last year to 1,181,400 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 748,900 b/d, an increase of 3.3% over the previous year. Demand for diesel oil 366,500 b/d up 9.5%; gasoline 127,800 b/d down 7%; fuel oil 106,600 b/d down 3.1%; aviation fuel up 0.6% to 74,900 b/d; LPG up 7.6% to 72,700 b/d and kerosene decreased 6.7% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 10.1% to reach 432,500 b/d. Of the total, 175,600 b/d was used for power generation of EGAT, increased by 4.2%; 213,700 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 16.65% and gas demand for industries increased by 3.8% to 42,300 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 213% to 900 b/d.
2.Procurement
On the supply side, petroleum procurement averaged 1,554,000 b/d, up 2.2%.
2.1 Overseas sources
Import oil totaled 1,029,000 b/d up 1.4% from the same period of last year. Import products were crude 838,300 b/d, decreased by 1.2%; natural gas from Myanmar 148,100 b/d, increased by 34.1%; and refined products 42,600 b/d, decreased by 23.4%.
Thailand’s refined products imported in April this year were 24,200 b/d of diesel, decreased by 16.2% and fuel oil 18,400 b/d, increased by 44%. In January to April this year, there were no import of aviation fuel, gasoline, kerosene, and LPG. The total cost of imported refined products was Bt. 10.387 billion, down 0.8% from last year or equivalent to Bt. 83 million.
Total crude imported from the Middle East was 691,600 b/d, decreased by 0.4%; from the Far East 91,800 b/d, decreased 25%; and from other sources 54,900 b/d, increased 73.9%. The total cost of crude oil bills was Bt. 177.157 billion, 32.72% higher from last year or equivalent to Bt.43.668 billion.
Meanwhile, the total cost of natural gas imported from Myanmar was approximately Bt. 18.301 billion, an increased of Bt. 5.393 billion or equivalent to 41.78%.
2.2 Indigenous sources
Domestic sources provided 525,000 b/d of petroleum, up 3.6% from last year. Supplies of indigenous petroleum were 364,800 b/d of natural gas increased by 3.1%; crude 94,600 b/d, increased by 20.2% and condensate 65,600 b/d, down 11.3%.
Corporate Public Relations Department
PTT Public Company Limited End.