Bangkok--Dec 26--PTT
Mr.Sarun Rungkasiri, Vice President of Corporate Public Relations Department, PTT Public Company Limited reports a National Oil Balance of January-October 2005 as follows:
1.Demand
In 2005, Thailand’s petroleum demand (exclusive of feedstock for petrochemical sector) increased by 3.2% from last year to 1,164,300 barrels per day (b/d).
1.1 Products
Consumption of refined oil products averaged 722,700 b/d, an increase of 1.6% over the previous year. Demand for diesel oil 340,800 b/d up 2.9%; gasoline 124,900 b/d down 5.7%; fuel oil 110,300 b/d up 3.6%; aviation fuel up 1.2% to 73,100 b/d; LPG up 6.7% to 73,200 b/d and kerosene decreased 8.1% to 400 b/d.
1.2 Natural Gas
Demand for natural gas grew by 6.1% to reach 441,600 b/d. Of the total, 182,400 b/d was used for power generation of EGAT, increased by 3.1%; 215,300 b/d was used by IPP (Independent Power Producers) and SPP (Small Power Producers) increased by 9% and gas demand for industries increased by 1.9% to 42,900 b/d; and demand on Natural Gas for Vehicles (NGV) increased by 99.6% to 1,000 b/d.
2.Procurement
On the supply side, petroleum procurement averaged 1,593,400 b/d, increased by 4.9%.
2.1 Overseas sources
Imported oil totaled 1,032,800 b/d, increased by 2.9% from the same period of last year. Imported products were crude 844,600 b/d, decreased by 0.1%; natural gas from Myanmar 149,800 b/d, increased by 21.2%; and refined products 38,400 b/d, increased by 10.6%.
As of October 2005, Thailand’s imported refined products were fuel oil 23,800 b/d, increased by 53.4%, and 14,600 b/d of diesel, increased by 3.5%. In January to October this year, there were no import of gasoline, kerosene, aviation fuel, and LPG. The total cost of imported refined products was Bt. 25.277 billion, up 63% from last year or equivalent to Bt. 9.855 billion.
Total crude imported from the Middle East was 676,000 b/d, decreased by 0.2%; from the Far East 91,500 b/d, decreased 25.2%; and from other sources 77,100 b/d, increased 69.1%. The total cost of crude oil bills was Bt. 539.123 billion, 39% higher from last year or equivalent to Bt.152.526 billion.
Meanwhile, the total cost of natural gas imported from Myanmar was approximately Bt. 51.834 billion, an increased of Bt. 14.000 billion or equivalent to 37%.
2.2 Indigenous sources
Domestic sources provided 560,600 b/d of petroleum, up 8.8% from last year. Supplies of indigenous petroleum were 380,600 b/d of natural gas increased by 5.8%; crude 111,000 b/d, increased by 31.6% and condensate 69,000 b/d, decreased by 3.1%.
Corporate Public Relations Department
PTT Public Company Limited End.