Bangkok--Jul 25--PTT
Mr.Pongpayak Sathienpakiranakorn, Vice President of Corporate Public Relations Department, PTT Public Company Limited reports a National Oil Balance of January-May 2005 as follow:
1.Demand
In 2005, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 5.8% from last year to 1,189,100 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 749,600 b/d, an increase of 3.5% over the previous year. Demand for diesel oil 366,700 b/d up 9.7%; gasoline 126,800 b/d down 7.8%; fuel oil 109,200 b/d down 1.4%; aviation fuel up 0.8% to 74,100 b/d; LPG up 7% to 72,400 b/d and kerosene decreased 8.4% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 10% to reach 439,500 b/d. Of the total, 181,400 b/d was used for power generation of EGAT, increased by 6.4%; 215,000 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 14.67% and gas demand for industries increased by 2.8% to 42,200 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 207.5% to 900 b/d.
2.Procurement
On the supply side, petroleum procurement averaged 1,575,630 b/d, up 3.5%.
2.1 Overseas sources
Import oil totaled 1,049,030 b/d up 3.6% from the same period of last year. Import products were crude 853,100 b/d, increased by 1.3%; natural gas from Myanmar 149,900 b/d, increased by 30.8%; and refined products 46,030 b/d, decreased by 17.2%.
As of May 2005, Thailand’s refined products imported were 26,400 b/d of diesel, decreased by 0.9%; fuel oil 19,600 b/d, increased by 10.1%; and aviation fuel 30 b/d, decreased 98.5%. In January to May this year, there were no import of gasoline, kerosene, and LPG. The total cost of imported refined products was Bt. 14.606 billion, up 28.34% from last year or equivalent to Bt. 3.225 billion.
Total crude imported from the Middle East was 707,100 b/d, increased by 2.7%; from the Far East 93,600 b/d, decreased 18%; and from other sources 52,400 b/d, increased 32.6%. The total cost of crude oil bills was Bt. 233.726 billion, 45.28% higher from last year or equivalent to Bt.72.846 billion.
Meanwhile, the total cost of natural gas imported from Myanmar was approximately Bt. 23.690 billion, an increased of Bt. 6.764 billion or equivalent to 39.96%.
2.2 Indigenous sources
Domestic sources provided 526,600 b/d of petroleum, up 3.4% from last year. Supplies of indigenous petroleum were 367,300 b/d of natural gas increased by 3.3%; crude 93,800 b/d, increased by 15.6% and condensate 65,500 b/d, down 9.6%.
Corporate Public Relations Department
PTT Public Company Limited End.