Five-Year Plan and Financial Outlook
Thailand Updates
Higher gas volume with recovering demand constraint; THB fluctuation continues
FY 2019 FY 2020 5M 2021
FY 2019 FY 2020 5M 2021
Thailand Energy Overview
Natural Gas Supply
34
MMSCFD
33
32.7
Domestic
Myanmar LNG
5,023
○
Domestic
Myanmar LNG 4,699
Domestic
Myanmar LNG 5,017
Recovering energy demand, which
rebounded to the same level of pre COVID-19
As of April 2021: Higher domestic supply,
while LNG imports decreased slightly and
a decline from Myanmar piped gas imports
due to natural decline
32
31
30.9
30
30.2
29
0
1,000
2,000
3,000
4,000
5,000
Natural Gas Consumption
MMSCFD
Electricity
Industry GSP NGV 4,625
Electricity
Industry GSP NGV 4,368
Electricity
Industry GSP NGV 4,762
0
1,000
2,000
3,000 4,000 5,000
Source: Energy Policy and Planning Office (EPPO)
FY2019 FY2020 5M 2021
Electricity Generation
GWH
57%
2% 16%
14% 11%
87,190
55%
2% 18%
14% 10% 205,995
57%
3% 17%
12% 10%
212,050
Natural Gas
Imported
Hydro Electricity
Renewable Energy
Coal & Lignite
27
Exchange Rate Movement
(THB/USD)
32.1
31.7
31.3
30.0
28
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
2020
2021
PTTEP
33.0
(Highest)
31.5
(Average)
30.7
(Lowest)
Consensus on the exchange rate mostly depends on
。 Efficacy of Covid-19 containment measures in Thailand and vaccine
procurement and distribution timeline
o Thailand's economic recovery which heavily depends on tourism recovery
。 Sustained fiscal and monetary policy support in Thailand and Federal
Reserve tapering timeline
Source: Bank of Thailand, Bloomberg
Forecast based on Bloomberg Consensus as of 12 July 2021
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