Japan Oil and Gas Report - Business Monitor International - Industry Reports

Japan Oil and Gas Report

Japan Oil and Gas Report - Business Monitor International - Industry Reports
Japan Oil and Gas Report
Published Aug 30, 2016
68 pages — Published Aug 30, 2016
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Abstract:

Japan s small proven crude oil and natural gas reserves will decline steadily over ---------, illustrating the limited prospectivity of the country s oil and gas blocks. Our data show that at current production levels, the country s oil and gas reserves could near depletion by the end of our forecast period to ----. ...Japan Oil, Gas and Metals National Corporation (JOGMEC) has been studying the feasibility of commercialising the country s methane hydrates resources, which is estimated at around -.-trn cubic metres. Efforts to advance production and commercialise these resources has accelerated following JOGMEC s successful production test of methane gas in March ----, leading to the formation of an ---firm joint venture in late ----, including the likes of JAPEX and Inpex. Japan Petroleum Exploration Company (JAPEX) is leading shale oil exploration in the Akita Prefecture and verifying the validity of shale resources in the Fukumezawa oil field. ...Efforts to advance production and commercialise these resources has accelerated following JOGMEC s successful production test of methane gas in March ----, leading to the formation of an ---firm joint venture in late ----, including the likes of JAPEX and Inpex.

...Difficulties with restarting Japan s currently shut nuclear reactors will see the country increasingly rely on coal and renewables energy, eroding LNG share in the total power mix. In July ----, the Otsu district court rejected Kansai Electric s rejection of a March injunction which ordered the firm to shut down its No.- and No.- nuclear reactors at its Takahama plant. ...In July ----, the Otsu district court rejected Kansai Electric s rejection of a March injunction which ordered the firm to shut down its No.- and No.- nuclear reactors at its Takahama plant. The Japanese Fair Trade Commission (FTC) has launched an investigation to determine whether destination clauses contained within existing long-term LNG contracts with international suppliers violate domestic competition laws. If found so, it could see Japan step-up efforts to renegotiate existing contract terms. ...If found so, it could see Japan step-up efforts to renegotiate existing contract terms. Japan will remain a major exporter of various light-to-middle distillates throughout our forecast period to ----, though large import requirement for LPG and petrochemicals will see it remain a net importer of refined fuels.

...Japan s upstream industry is negligible, with its small proven oil and gas reserves far too small to offset a meaningful portion of its large demand or attract investment. The country is heavily dependent on energy imports, particularly following the Fukushima nuclear crisis in ----, which means that remains vulnerable to international supply and price shocks. ...

  
Source:
Document ID
1748-4065
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Japan Oil and Gas Report" Aug 30, 2016. Alacra Store. Dec 07, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Japan-Oil-and-Gas-Report-2026-573>
  
APA:
Business Monitor International - Industry Reports. (2016). Japan Oil and Gas Report Aug 30, 2016. New York, NY: Alacra Store. Retrieved Dec 07, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Japan-Oil-and-Gas-Report-2026-573>
  
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