Bangkok--Aug 17--PTT
Mr.Pongpayak Sathienpakiranakorn, Vice President of Corporate Public Relations Department, PTT Public Company Limited reports a National Oil Balance of January-June 2005 as follow:
1.Demand
In 2005, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 5.4% from last year to 1,184,800 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 743,900 b/d, an increase of 3.3% over the previous year. Demand for diesel oil 362,100 b/d up 9.1%; gasoline 127,300 b/d down 7%; fuel oil 108,600 b/d down 1.5%; aviation fuel down 0.1% to 72,900 b/d; LPG up 7.1% to 72,600 b/d and kerosene decreased 6.5% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 9.2% to reach 440,900 b/d. Of the total, 181,500 b/d was used for power generation of EGAT, increased by 5.2%; 216,400 b/d was used by IPP (Independent Power producers) and SPP (Small Power Producers) increased by 14.2% and gas demand for industries increased by 1.6% to 42,100 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 202.4% to 900 b/d.
2.Procurement
On the supply side, petroleum procurement averaged 1,591,400 b/d, up 4%.
2.1 Overseas sources
Import oil totaled 1,045,000 b/d up 2.5% from the same period of last year. Import products were crude 845,900 b/d, decreased by 0.2%; natural gas from Myanmar 151,300 b/d, increased by 28.9%; and refined products 47,800 b/d, decreased by 13%.
As of June 2005, Thailand’s refined products imported were 23,500 b/d of diesel, decreased by 0.7% and fuel oil 24,300 b/d, increased by 11.1%. In January to June this year, there were no import of gasoline, kerosene, aviation fuel, and LPG. The total cost of imported refined products was Bt. 18.410 billion, up 36.14% from last year or equivalent to Bt. 4.887 billion.
Total crude imported from the Middle East was 679,200 b/d, decreased by 0.8%; from the Far East 94,300 b/d, decreased 20.5%; and from other sources 72,400 b/d, increased 65.6%. The total cost of crude oil bills was Bt. 286.998 billion, 43.06% higher from last year or equivalent to Bt.86.382 billion.
Meanwhile, the total cost of natural gas imported from Myanmar was approximately Bt. 29.095 billion, an increased of Bt. 8.239 billion or equivalent to 39.51%.
2.2 Indigenous sources
Domestic sources provided 546,400 b/d of petroleum, up 7.1% from last year. Supplies of indigenous petroleum were 382,300 b/d of natural gas increased by 7.4%; crude 97,700 b/d, increased by 18.4% and condensate 66,400 b/d, down 7.2%.
Corporate Public Relations Department
PTT Public Company Limited End.