Just curious as to what the future holds for those of us in Thailand as to costs?

Russian oil....

Headline spelling. 555

6 minutes ago, petermik said:

Russian oil....

Garbage. 

Lazada ?

"Where goes Thailand get its oil, gasoline, diesel and cooking gas ?"

 

Oil is imported from US, Saudi, UAE, Nigeria, Angola.

Natural gas is imported from Qatar and Mynmar.

 

Thailand also produces it's own oil and gas.

I don't think anything has changed trade wise, worldwide, except maybe wheat out of Ukraine.

 

It's price gouging, plain & simple.  Why oil companies are having record profits.  Same with all the fake shortages.  IMHO of course.

A grammar/spelling police post and response has been removed.

 

Fixed the topic title ???? 

5 hours ago, Liverpool Lou said:

"Where goes Thailand get its oil, gasoline, diesel and cooking gas ?"

 

Oil is imported from US, Saudi, UAE, Nigeria, Angola.

 

 

Wrong....Russia supplies Thailand with the majority of it,s oil.

5 hours ago, mancub said:

Lazada ?

yea, we use the guy down the road... 

22 minutes ago, petermik said:

Wrong....Russia supplies Thailand with the majority of it,s oil.

Again wrong. Here is the data for 2019-2020. Russian is picking up and I beleive picked up during their low price sale after Ukraine war. But still not in no 1 position. 

Thailand imports Crude Petroleum primarily from: United Arab Emirates ($3.84B), Saudi Arabia ($2.65B), United States ($1.37B), Angola ($1.09B), and Nigeria ($984M). The fastest growing import markets in Crude Petroleum for Thailand between 2019 and 2020 were Russia ($756M), Nigeria ($683M), and Angola ($557M).

39 minutes ago, petermik said:

Wrong....Russia supplies Thailand with the majority of it,s oil.

Actually it doesn't, although it is/was a supplier.

 

I have spent about 20 minutes digging into Google and this is the best (and newest I could find), purely out of curiosity. It is undated but gives the figures from 2020, so it is probably from 2021.

 

https://oec.world/en/profile/bilateral-product/crude-petroleum/reporter/tha#:~:text=Thailand imports Crude Petroleum primarily,%2C and Angola (%24557M).

 

IMPORTS
In 2020, Thailand imported $15B in Crude Petroleum, becoming the 11th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Thailand. Thailand imports Crude Petroleum primarily from: United Arab Emirates ($3.84B), Saudi Arabia ($2.65B), United States ($1.37B), Angola ($1.09B), and Nigeria ($984M).

The fastest growing import markets in Crude Petroleum for Thailand between 2019 and 2020 were Russia ($756M), Nigeria ($683M), and Angola ($557M)

 

Natural gas

 

https://www.argusmedia.com/en/news/2295474-thailand-imports-more-lng-in-december

 

Published date: 26 January 2022

Thailand's December 2021 LNG imports rose on the month and on the year, likely as domestic gas production continued to fall.

Thailand imported 700,982t of LNG in December, higher by 11.1pc from 630,836t in November and up by 88.2pc from 372,411t in December 2020. Thailand last received higher volumes in May 2021 when it imported 703,155t.

 

Thailand's LNG Imports    t
Country       Dec '21    Nov '21    Dec '20
Australia      274,132    73,817       0
Qatar           183,437    185,513    180,478
Malaysia      182,543    116,944    0
Egypt           60,868      0             0 

Around 8 years ago I had a chat with an ex girlfriends brother who holds/held a senior position at Laem Chebang port in Chonburi and he told me that Thailand had shifted much of their dependency on Arab oil in favour of Russian....big concessions were given to Russian Tourists and Airline landing fees as part of the agreement and as far as I am aware nothing has changed.....hence Thailands unwillingnes to openly criticize Russias involvement in Ukraine...

This is completely unrelated sorry, but I've always wondered how Thailand generates its electricity. There is no nuclear I'm pretty sure of that, but I've not been able to find out much information on it.

19 hours ago, petermik said:

Wrong....Russia supplies Thailand with the majority of it,s oil.

Google is your friend....it is only a small amount from Russia

19 hours ago, CartagenaWarlock said:

Again wrong. Here is the data for 2019-2020. Russian is picking up and I beleive picked up during their low price sale after Ukraine war. But still not in no 1 position. 

Thailand imports Crude Petroleum primarily from: United Arab Emirates ($3.84B), Saudi Arabia ($2.65B), United States ($1.37B), Angola ($1.09B), and Nigeria ($984M). The fastest growing import markets in Crude Petroleum for Thailand between 2019 and 2020 were Russia ($756M), Nigeria ($683M), and Angola ($557M).

I am not questioning, however, like Peter's statement,  a citation of a creditable source would be appreciated in gaining knowledge rather than opinion.

1 hour ago, Tuvoc said:

This is completely unrelated sorry, but I've always wondered how Thailand generates its electricity. There is no nuclear I'm pretty sure of that, but I've not been able to find out much information on it.

Hydro, Australian coal  i.a.  as "raw stock"

imported ready- made energies from Laos, Chinese grids i.a.

On 6/3/2022 at 1:15 PM, KhunLA said:

I don't think anything has changed trade wise, worldwide, except maybe wheat out of Ukraine.

 

It's price gouging, plain & simple.  Why oil companies are having record profits.  Same with all the fake shortages.  IMHO of course.

Shortsighted assessment. Commodities are supply and demand sensitive with oil particularly volatile. Short memory? Do you forget the record losses oil companies made in the previous couple of pandemic years. At one stage the world price actually went negative! Oil companies have a rollercoaster ride with huge investment required and a year of plenty only balances  the fallow times. Perhaps spend a little more time reading the business section for a wider economic understanding?

It’s not so important WHERE it gets it’s oil from. It’s a world priced commodity (as is gas) and those dealing in it will even divert ships carrying the cargo to a different destination if it can obtain a higher price. The only real problem is when someone like Germany,with its disastrous Energiewind policy has allowed itself to become wholly dependent via a Gas pipeline - Nordstrom- (and no LNG terminals) for 55% of its supply on a gangster state (Russia)! Even Trump was able to point this weakness out to them in 2016 ,but they just laughed at him. They’re not laughing now… ???? 

On 6/3/2022 at 12:55 PM, Liverpool Lou said:

Garbage. 

From Santa Claus

On 6/3/2022 at 12:47 PM, petermik said:

Russian oil....

If China and India take a lot, probably Thailand too...

5 hours ago, petermik said:

Around 8 years ago I had a chat with an ex girlfriends brother who holds/held a senior position at Laem Chebang port in Chonburi and he told me that Thailand had shifted much of their dependency on Arab oil in favour of Russian....big concessions were given to Russian Tourists and Airline landing fees as part of the agreement and as far as I am aware nothing has changed.....hence Thailands unwillingnes to openly criticize Russias involvement in Ukraine...

I'd love to know what big concessions were given to Russian tourists as part of the agreement.

2 hours ago, wwest5829 said:

I am not questioning, however, like Peter's statement,  a citation of a creditable source would be appreciated in gaining knowledge rather than opinion.

You could always read my comments 4 or 5 posts above yours if you want creditable sources or you could do, as I did, and search the internet yourself.

Thailand is a very minor playing in World oil trading, where the price is fixed.  Local Thai production is negligible compared to imports, so Thailand will always pay something near the 'free market' price.

So what does Thailand have?  Some oil and gas in Gulf of Thailand, more gas than oil, and some, very little oil onshore near Chiang Mai.  Possibly coal (dirty lignite) as well.

Electricity is generated by (dirty) coal fired power stations and some gas powered one.

The potential for electricity from water power is blighted by the environmental damage caused by damning the Mekong and other rivers, either by Thailand or neighbours.

Neighbours Myanmar, Malaysia, Indonesia have surplus oil and gas, but will they share on favourable terms?

How much environmental damage will the Thai-Myanmar Gas pipeline do?

 

 

 

4 hours ago, Tuvoc said:

This is completely unrelated sorry, but I've always wondered how Thailand generates its electricity. There is no nuclear I'm pretty sure of that, but I've not been able to find out much information on it.

From Wikipedia:-

 Oil-fired plants have been replaced by natural gas, which in 2018 generated 65% of Thailand's electricity. Coal-fired plants produce an additional 20%, with the remainder from biomass, hydro, and biogas.

 

For coal, read Lignite of which there are vast quantities in Lampang Province, the North of Thailand. There is also a massive power station in the region. There are many hydroelectric schemes in the Northern mountains and on the Mekong.  Solar energy is also harnessed. 

 

Current price of oil:
WTI Crude = $118.87

Brent Crude = $119.72

UAE Das = $114.71

Russia ESPO = $80.60 

Russia Sokol = $102.84

[Source: oilprice.com]

 

So I presume they would buy more oil from Russia but keep it quiet from the USA so as not to offend them.

2 hours ago, billd766 said:

You could always read my comments 4 or 5 posts above yours if you want creditable sources or you could do, as I did, and search the internet yourself.

Thanks, perhaps a matter of timing. I did get to read the followup source postings.

 

15 hours ago, Tuvoc said:

This is completely unrelated sorry, but I've always wondered how Thailand generates its electricity. There is no nuclear I'm pretty sure of that, but I've not been able to find out much information on it.

 Around Bangkok, Natural gas.

Ratchaburi power plant is run on gas from Myanmar, 42' pipeline from the Yadana field. I worked on that pipeline construction

The Chonburi power plant is run by gas from the Thai/Malaysia block in the Gulf of Thailand, worked on that one too.

Wang Noi is gas fired on an extension of the pipeline that feeds the Chonburi plant, worked on that one.

Lat Krabang power plant is run by a lateral that comes off of the Wang Noi pipeline

 

There are also coal fired power plants in the south and other areas

 

Thanks for that info. So quite reliant on Gas, plus some coal and some imported energy.  Hydro makes sense where it is possible. With the millions of air-conditioning units running the country's power requirements must be large. 

16 hours ago, wwest5829 said:

Thanks, perhaps a matter of timing. I did get to read the followup source postings.

 

There is some really boring stuff out there that I dug into and abandoned.