Thai energy consumption is expected to rise by 9.2% this year, based on an economic growth estimate of 2.5-3.5%, driven by an uptick in economic activities as pandemic restrictions ease, says the Energy Policy and Planning Office (Eppo). In Thailand, gas consumption is expected to decline by 9.5% as LNG prices have skyrocketed, following problems with LNG production. Consumption of refined oil, including gasohol, diesel, liquefied petroleum gas, jet fuel and fuel oil, is expected to increase by 12.3% to 135 million litres per day this year, up from 120 million litres per day last year. In the power sector, electricity consumption is expected to rise by 2.5% to 195,328 gigawatt-hours from 190,468GWh last year. The energy consumption forecast for 2022 may be revised down if global energy prices continue to increase more than the range of the Dubai crude oil price, said Mr Wattanapong.

Source: Bangkok Post June 03, 2022 13:16 UTC