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Japan's Crisis Would Impact the Global Oil & Gas Industry - Asian Markets to Benefit
GlobalData, March 2011, Pages: 4
Japan’s Crisis Would Impact the Global Oil & Gas Industry - Asian Markets to Benefit
Summary
The unfolding twin crises of earthquake and tsunami in Japan have major implications for the oil and gas sectors. Although Japan is still reeling from the damage caused by the natural disaster, the picture of the possible impact on the global oil and gas industry is emerging. As the third largest oil consumer in the world and the world’s largest importer of LNG and coal, Japan is suffering from a crunch of energy commodity supplies. The earthquake and consequent damage has resulted in the shutdown of 6,800 MW of electric generating capacity at four nuclear power stations and affected refining capacity with the closing of its six refineries, accounting for about 36% of Japan’s total oil refining capacity. Refined product demand in Japan will remain affected for a short period of time until the country’s damaged refineries are repaired. Meanwhile, countries in Asia-Pacific and North America will be looking to increase their supply of petroleum products and LNG to Japan to meet the country’s power needs.
Scope
- Provides information on the effect of the twin disaster of earthquake and tsunami on Japan's refining infrastructure
- Highlights the impact of the twin disaster on Japan's power generation capabilities by substituting nuclear power with gas fired power generation with teh help of imported LNG
- Highlights the impact of Japan's crisis on the global oil and gas industry
- Analyses the impact of the crisis on the global oil and gas demand-supply scenario
- Analyses the short-term impact on Japan's oil and gas supply-demand equation
- Analyses the benefit of Asian countries due to Japan's heightened demand of petroleum products.
Reasons to buy
- Analyse the impact of Japan's crisis on global oil and gas demand
- Stay informed about the impact of the twin disasters on Japan's refining infrastructure, petrochemical and nuclear infrastructure and how it would increase demand for refined products and petrochemicals from Japan
- Keep yourself abreast of the rise in demand for commodities like LNG, crude oil and coal from Japan
- Analyse how different Asian countries stand to benefit from Japan's heightened demands for primary energy commodities and refined products.
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