Energy consumption in Thailand to rise by 3% this year

[webfact]

Energy consumption in Thailand to rise by 3% this year



BANGKOK, 7 January 2016 (NNT) - The Ministry of Energy has forecast that energy consumption in the country will rise this year, as global oil prices continue to decline.

Energy Minister Gen Anantaporn Kanjanarat has revealed that average fuel consumption last year increased by 4.2% or 600,000 liters a day. Benzene was the most popular type of fuel used in Thailand.

Demand for Benzene increased by as much as 13.2%, as the prices of crude oil have plummeted by roughly 70 US dollars a barrel. However, demand for liquefied petroleum gas (LPG) decreased to 5.4% last year, after it became more expensive.

The Energy Minister added that energy consumption in 2016 is expected to rise by 3% from last year. The forecast is also in line with the projected GDP growth of 3-4%. The consumption of Benzene and diesel is expected to grow by 9.7% and 1.8%, respectively.

However, the consumption of LPG is expected to decline by 2.5%, while the consumption of NGV, or fuels used in natural gas vehicles, is expected to decline by 1% .


-- NNT 2016-01-07

[chainarong]

Same as the economy is expected to expand in 2016 , perhaps the Deputy PM yesterday , was reading the wrong script........................... .

[crazygreg44]

How does this correspond with the promises Thailand gave on the World Climate Summit ?

[Srikcir]

The Energy Minister added that energy consumption in 2016 is expected to rise by 3% from last year. The forecast is also in line with the projected GDP growth of 3-4%.

Relationship between the two is not proven.

From Slide 4,"Final Commercial Energy Consumption" from presentation "Thailand Energy Situation" by Minister of Energy Policy and Planning Office):

Energy consumption in 2014 rose about 3.6% from 2013 with a GDP growth of 0.9% !!

Energy consumption in 2015 rose by about 4.8% from 2014 with an estimated GDP growth of 2.9%

Most likely energy consumption in 2016 will rise 6% with a GDP growth of 3% or less.

[beerzy]

5555 another ill concieved script...just as deaths over holiday period declined......and record tourists.............these guys should write comedy for sienfield.