2014-04-03 05:43:05 - Japan Oil and Gas Report Q2 2014 - a new market research report on companiesandmarkets.com
Japan´s consumption of imported oil and natural gas has increased as a result of nuclear power generation losses in the wake of the 2011 earthquake and tsunami. However, liquefied natural gas (LNG) consumption appears to have hit an upper limit as gas power is running near maximum capacity, while demand for expensive oil wanes. We expect some nuclear power will return to service in 2014 though it will be a slow and gradual process leaving Japan with significant long-term fuel import costs. As a result Japan is looking to move away from oil-indexed LNG, and is showing the most interest in North America´s LNG projects.
The main trends and developments we highlight for Japan´s oil and gas sector are:
- Liquefied natural
gas (LNG) imports appear to have hit an upper limit in terms of usage and cost. 2012 was a record year with Japan importing 118.75bn cubic metres (bcm); however, gas power generation is running at high capacity and LNG imports for 2013 are expected to be less. The expectation of nuclear restarts in 2014 could further ease high LNG import requirements, though oil-fired power generation will be the first to give way. Gas consumption is estimated to total 121.47bcm for 2013 and will remain relatively flat to 2023 in anticipation of greater efficiencies and nuclear output meeting energy demand growth.
Click for report details: www.companiesandmarkets.com/Market/Energy-and-Utilities/Market-R ..
Browse all Energy and Utilities Market Research Reports www.companiesandmarkets.com/Market/Energy-and-Utilities/Market-R ..
Browse all Energy and Utilities Company Profile Reports www.companiesandmarkets.com/Market/Energy-and-Utilities/Company- ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.