Bangkok--Oct 18--PTT
Mr.Pongpayak Sathienpakiranakorn, Vice President of Corporate Public Relations Department, PTT Public Company Limited reports a National Oil Balance of January-August 2005 as follows:
1.Demand
In 2005, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 4.5% from last year to 1,174,400 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 732,500 b/d, an increase of 2.6% over the previous year. Demand for diesel oil 351,100 b/d up 6.8%; gasoline 126,600 b/d down 6.4%; fuel oil 108,800 b/d down 0.3%; aviation fuel up 0.9% to 73,200 b/d; LPG up 6.4% to 72,400 b/d and kerosene decreased 6.8% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 7.9% to reach 441,900 b/d. Of the total, 182,300 b/d was used for power generation of EGAT, increased by 4.9%; 216,300 b/d was used by IPP (Independent Power Producers) and SPP (Small Power Producers) increased by 11% and gas demand for industries increased by 1.8% to 42,400 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 141.9% to 900 b/d.
2.Procurement
On the supply side, petroleum procurement averaged 1,607,500 b/d, up 5.1%.
2.1 Overseas sources
Imported oil totaled 1,047,300 b/d up 2.8% from the same period of last year. Imported products were crude 854,300 b/d, increased by 0.2%; natural gas from Myanmar 150,500 b/d, increased by 24.4%; and refined products 42,500 b/d, decreased by 5.5%.
As of August 2005, Thailand’s imported refined products were fuel oil 24,600 b/d, increased by 27%, and 17,900 b/d of diesel, decreased by 3.5%. In January to August this year, there were no import of gasoline, kerosene, aviation fuel, and LPG. The total cost of imported refined products was Bt. 22.054 billion, up 49% from last year or equivalent to Bt. 7.312 billion.
Total crude imported from the Middle East was 676,400 b/d, decreased by 1.7%; from the Far East 99,800 b/d, decreased 18.5%; and from other sources 78,100 b/d, increased 85.7%. The total cost of crude oil bills was Bt. 414.281 billion, 48% higher from last year or equivalent to Bt.135.205 billion.
Meanwhile, the total cost of natural gas imported from Myanmar was approximately Bt. 40.168 billion, an increased of Bt. 10.875 billion or equivalent to 37%.
2.2 Indigenous sources
Domestic sources provided 560,200 b/d of petroleum, up 9.7% from last year. Supplies of indigenous petroleum were 387,000 b/d of natural gas increased by 8.6%; crude 106,000 b/d, increased by 27% and condensate 67,200 b/d, down 5.1%. End.