DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/77616c/japan_oil_and_gas) has announced the addition of the "Japan Oil and Gas Report Q4 2011" report to their offering.
Business Monitor International's Japan Oil and Gas Report provides industry professionals and strategists, corporate analysts, oil and gas associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Japan's oil and gas industry.
The latest Japan Oil & Gas Report from BMI forecasts that the country will account for 13.61% of Asia Pacific regional oil demand by 2015. Regional oil use of 26.07mn barrels per day (b/d) in 2010 is forecast to rise to around 30.22mn b/d by 2015. Regional oil production was around 7.92mn b/d 2010. It is set to decrease to 7.88mn b/d by 2015. Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2010, the region was importing an average 18.15mn b/d. This total rises to an estimated 22.34mn b/d in 2015. The principal importers will be China, Japan, India and South Korea. By 2015 the only net exporter will be Malaysia.
Japan's Prime Minister Naoto Kan has announced that the country's energy policy will have to 'start from scratch' following the Fukushima nuclear crisis. He further said that Japan would need to promote the role of renewables in the country's energy mix, which relies heavily on nuclear. In the short term, Japan is expected to turn to other fuels, notably gas in the form of imported liquefied natural gas (LNG), oil and coal to fill the nuclear gap.
Companies Mentioned:
- JX Holdings
- Inpex
- Japex
- Showa Shell
- TonenGeneral Sekiyu
- BP
- Cosmo Oil
- LNG Japan
- Idemitsu Kosan - Summary
- Petrobras
- Tokyo Gas
- Osaka Gas
- Tokyo Electric Power (Tepco)
For more information visit http://www.researchandmarkets.com/research/77616c/japan_oil_and_gas