Thailand forecasts 1.8% increase in energy consumption in 2020

10 Jan 2020

According to the Energy Policy and Planning Office (EPPO) of Thailand, energy consumption in Thailand rose by 0.9% in 2019, with a 1.6% increase in oil demand (+3.9% for gasoline and +4.3% for diesel), a 1.9% rise in gas use spurred by the power sector demand, and a 3.8% growth in electricity consumption (hot weather). Peak electricity demand increased by 8.7% to 37,312 MW on 3 May 2019.

The EPPO forecasts that Thailand’s energy consumption could rise by 1.8% to 2.78 mboe in 2020, assuming a 2.7-3.7% growth rate, and a US$60.1-63/bbl oil price (Brent). Oil consumption is expected to increase by 1.2%, gas consumption by 1% and coal consumption by 1.4%, while renewable energy’s consumption is planned to grow by 3.9%, thanks to government support. Electricity consumption is expected to increase by 2.6%, with a surge in import from Laos by 7.3%.

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