Energy talks about high oil prices fuel reserve have enough for more than 60 days

On March 11, 65, Mr. Supattanapong Punmeechaow, Deputy Prime Minister and Minister of Energy along with the management of the Ministry of Energy and related agencies Opened a press conference to summarize the energy situation and measures to support energy impacts that from the conflict between Russia and Ukraine Affects the world energy prices to rise of all kinds. affect the retail price in the country, whether Refined oils such as gasoline and diesel In particular, the price of oil rose the most in 14 years, which affected the world.

Ministry of Energy has closely monitored the energy situation in order to manage energy during the Russian-Ukrainian situation and during the transition of energy supply to ensure continuity and reduce the impact that may occur to the people including still monitoring the situation A price solution to alleviate the burden of the people and minimize the impact.

Kulit Sombatsiri, Permanent Secretary of the Ministry of Energy, said the situationoil priceThe global market continues to increase. from the tensions of the Russian-Ukrainian crisis causing the market to worry about the oil supply inworld market from the boycott of financial transactions and several energy firms suspended their investment in Russia. In addition, OPEC Plus group continues to increase oil production at only 400,000 barrels per day each month, which if the situation continues to be stressful, this April, Dubai crude oil prices will exceed 120 USD per barrel, diesel oil 150-170 USD. per barrel

However, progress in negotiating the Iran-US nuclear deal This could lead to an increase in oil production by more than 1 million barrels per day. Including the release of IEA oil reserves can relieve some of the market tightness.

Meanwhile, the global LPG price situation has increased in the same direction as the oil price. The price is 968 USD/ton. Likewise, the price of natural gas has continued to rise. because of uncertain supply from Russia due to US sanctions covering both oil and natural gas And the European Union is considering reducing its dependence on gas imports from Russia.

Mr. Wattanapong Kurawat, director of the Energy Policy and Planning Office (EPPO), said that the management of emergency situations on oil prices The Ministry of Energy has set up management guidelines for each price situation. From the price of Dubai crude at US$100 per barrel to US$150 per barrel. which have different management styles The Ministry of Energy will have guidelines to mitigate the impact on the people as much as possible in each case.

On the other hand, Ms. Nanthika Thangsupanich, director-general of the Department of Energy Business, said that Thailand has begun diversifying its sources of crude oil imports from the Middle East since 2014 to reduce the risk of crude oil sourcing. For the current crude oil supply situation The Department of Energy Business has closely coordinated with the Petroleum Refinery Industry. All confirmed that Still able to supply crude oil under a two-month futures contract for crude oil demand averaged at 123.25 million liters/day and average refined oil at 119.88 million liters/day.

Currently, there is a remaining amount of crude oil. (including in transit) at 5,686.44 million liters and the remaining amount of refined oil at 1,703.61 million liters, which is enough to meet the country’s oil demand for 61 days.

In addition, PTT Plc. has prepared measures to supply additional crude oil 635.94 million liters (4 million barrels) which will increase oil reserves to 66 days, resulting in the country having enough oil to use without a shortage.

However, to reassure people if the Russian-Ukrainian situation is protracted and there are emergencies signaling that it could affect the country’s crude oil supply plans. The Department of Energy Business has prepared measures to cope with the supply disruption crisis, as well as has been assigned to coordinate with oil traders to announce the increase in fuel reserves according to the law. Crude oil to 5% and refined oil to 2%, respectively, from the current rate of crude oil reserves of 4% and refined oil to 1%, which will help increase oil reserves for another 7 days to ensure stability. energy without affecting the livelihood of people

Mr. Sarawut Kaewtathip, Director-General of the Department of Mineral Fuels, said that during the transitional operation for the Erawan natural gas field or Block G1/61, the current concessionaire (Chevron Thailand Exploration and Production Company Limited) and the contract recipient A new company (PTEP ED) has signed various cooperation agreements during the transition period of the Erawan Group of natural gas fields. This will enable the implementation of the Production Sharing Agreement in the G1/61 Block Project to go forward. And the Department of Mineral Fuels will encourage PTTEP ED to undertake the preparation of natural gas production from such sources. to obtain the conditional quantity as soon as possible It will also supervise the operation of the transition period, which will begin at the end of April 20, to proceed as planned smoothly.

Mr. Prasert Sinsukprasert Director-General of the Department of Alternative Energy Development and Efficiency said that the campaign was launched “Gathering the power of Thai people, reducing energy consumption, dividing 2” by the cooperation of all departments under the jurisdictionMinistry of Energy and MEA, PEA participated in an exhibition to disseminate knowledge on energy saving for the general public. and recommendations for saving energy for both industrial plant operators including government agencies which requires the agency to increase the concentration of energy saving from 10% to 20%

Dr. Jiraporn Sirikham, Deputy Governor Strategy Electricity Generating Authority of Thailand (EGAT) said that EGAT is ready to join forces to encourage Thai people to save energy in the country with 2 campaigns, namely the campaign “Clean your air, Clean your life”, giving 10,000 The right for people across the country to clean air conditioners for free which can register for rights at the website www.egat.co.th From 18 April 2022 onwards, and the campaign “500 baht discount for the purchase of product number 5” gives another 10,000 rights to people across the country who buy number 5 products worth 1,000 baht or more, starting to use the right at department stores. Products and Green Shop stores participating in the event From 1 Apr.-30 Jun. 65

Cleaning air conditioners can reduce electricity consumption by 10%, save energy up to 1.3 million units/year, and both campaigns have also reduced total CO2 emissions of approximately 804 tons/year, while helping to boost the economy from employment and The purchase of the number 5 product is worth more than 21 million baht as well.

In addition, people can also easily reduce their electricity bills besides using electrical appliances with energy-saving label 5 by checking electrical equipment before leaving home. Switch off and unplug appliances as soon as they are not in use. Turn on the air conditioner at a temperature not lower than 26 degrees, do not put too much in the refrigerator and reduce the opening and closing of the refrigerator door, etc.

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