PTTEP Energy Project Overview
Thailand Energy Market | Overview
FY 2020 FY 2021 8M 2022
FY 2020 FY 2021 8M 2022
Natural Gas Supply
39
MMSCFD
38
Domestic
Myanmar LNG
4,335
Domestic
Myanmar LNG 4,726
o Increase in energy demand & become closer to
demand before COVID-19 pandemic, along with
high level of energy prices
37
Domestic
Myanmar LNG
4,699
0
1,000
2,000
3,000
4,000
5,000
o As of August 2022, compared with the same
period of last year: significantly declined in
domestic supply, while gas from Myanmar
remained constant with increase in LNG import.
Natural Gas Consumption
Electricity Generation
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36
35
34
33
32
MMSCFD
Electricity
Industry GSP NGV
4,270
32.1
31.3
31
30.0
30
GWH
29
29
53%
3% 16%
17% 10% 146,799
Electricity
Industry GSP NGV 4,395
Electricity
Industry GSP NGV 4,368
0
1,000
2,000
3,000 4,000 5,000
Source: Energy Policy and Planning Office (EPPO)
FY2020
FY2021 8M 2022
54%
2% 17%
16% 11%
209,717
55%
2% 18%
14% 10%
206,034
Natural Gas
Imported
Hydro Electricity
Renewable Energy
Coal & Lignite
32
Exchange Rate Movement
(USD/THB)
33.9
33.4
33.3
35.3
PTTEP
37.9
38.5
(High)
Q1
Q2
Q3
Q4
Q1
Q2
22
Q3
Q4
2021
2022
37.4
(Average)
36.3
(Low)
Consensus on the exchange rate mostly depends on
。 Monetary policies and rate hike schedules of the Bank of Thailand and
Federal Reserve
o Economic recovery of Thailand in particular the tourism sector
。 Market risk-off factors such as high inflation and supply chain disruptions
Source: Bank of Thailand, Bloomberg
Forecast based on Bloomberg Consensus as of 17 October 2022View entire presentation