Thai gas consumption set to rise sharply, back out oil

Thailand's consumption of natural gas looks set to increase and substantially back out demand for oil as an important source of fuel in the next several years, according to the Petroleum Authority of Thailand (PTT).This year, natural gas is projected to represent 28% of the kingdom's aggregate energy demand of about 1 million boed, of which oil accounts for about 60%.The share of natural gas in Thailand's energy mix is expected to rise to 32% in 2001, leveling off to 29% in 2004 and 24% in the year 2011; however, consumption of natural gas volumes will grow, said Anon Sirisaengtaksin, deputy president of PTT Gas, part of the Thai state-owned oil firm PTT.Coal will play an incr...

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