Japan Oil & Gas Report Q2 2016 - New Market Study Published

From: Fast Market Research, Inc.
Published: Mon Feb 15 2016

We retain our bearish outlook towards Japan's long-term refined fuels and natural gas demand, which we forecast to fall by 7.1% and 3.5% over 2016-2025. This decrease will be a result of the gradual return of nuclear generation in the power sector, efficiency gains in the automotive and shipping sectors, as well as increasing emphasis on alternative energy sources such as renewables and biofuels.

Latest Updates And Key Forecasts:

Challenges in the domestic refining sector will continue to prompt refiners to consolidate operations and rationalise spare capacity. JX Holdings and TonenGeneral are expected to merge by April 2017, while Idemitsu Kosan and Showa Shell are set to follow likewise between October 2016 and April 2017.

Following the earlier restart of nuclear reactors by Kyushu Electric Power Company in July 2015, Kansai Electric Power Company received the green light to bring its reactors online at its Takahama and Oi nuclear plants in the Fukui prefecture.

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Rising fuel efficiency in the transportation and shipping sectors, a gradual resurgence of nuclear energy in the power sector and a government-led promotion of alternative energy sources such as renewables and biofuels, will curtail Japan's refined fuels demand over the long-term - which we forecast to decline by 9.7% over 2016-2025.

Proliferation of heavy residue processing units across domestic refineries will allow surplus residual fuel to be converted into much-needed gasoline. This will hit import volumes originating from South Korea, Japan's largest supplier of gasoline.

Japan is set to become a net exporter of refined fuels from 2017, buoyed by strong gains in production of higher-value, lighter products such as kerosene and jet fuel. Furthermore, Japan's diesel exports are set to surge over our forecast period. This will be a result of domestic refineries processing crude oil in large amounts to meet demand for gasoline, a process which will also yield unwanted quantities of diesel that must diverted to the exports market.

The Japan Oil & Gas Report has been researched at source and features BMI Research's independent forecasts for Japan including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Japan Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Japanese oil and gas industry.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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