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Japan Oil and Gas Report Q1 2013 - Product Image

Japan Oil and Gas Report Q1 2013

  • Published: December 2012
  • Region: Japan
  • 83 pages
  • Business Monitor International

FEATURED COMPANIES

  • BP – Summary
  • Cosmo Oil – Summary
  • Inpex – Summary
  • JX Holdings
  • Osaka Gas – Summary
  • Showa Shell – Summary
  • MORE

BMI View: 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. Over the longer term, a reassessment of energy strategy means nuclear will play a less prominent role and, inevitably, gas will have to make up part of the shortfall. This suggests Japan will become a still bigger player in global LNG purchasing.

The main trends and developments we highlight for Japan’s Oil and Gas sector are:

- Japanese oil consumption is expected to remain static in 2012, at around 4.48mn barrels per day
(b/d). Volumes rose by an estimated 145,000b/d in 2011 following the earthquake and subsequent tsunami in March of the year, which resulted in greatly reduced nuclear generation and a significant upturn in oil- and gas-fired power generation to compensate. By 2016, the country is expected to be consuming 4.52mn b/d of oil, with demand predicted to head slightly lower to 4.46mn b/d by 2021.

- A Japanese consortium consisting of oil companies, oil refiners, engineering firms and state-run energy researcher Japan Oil, Gas & Metals National Corporation (JOGMEC) READ MORE >

BMI Industry View 5

SWOT Analysis 7

Japan Oil and Gas SWOT 7

Industry Forecast Scenario 8

Oil And Gas Reserves 8
Table: Japan Proven Oil & Gas Reserves And Total Petroleum Data – Historical Data And Forecasts, 2010-2016 8
Table: Japan Proven Oil & Gas Reserves And Total Petroleum Data – Long-Term Forecasts, 2015-2021 9

Oil Supply And Demand 10
Table: Japan Oil Production, Consumption And Net Exports – Historical Data And Forecasts, 2010-2016 10
Table: Japan Oil Production, Consumption And Net Exports – Long-Term Forecasts, 2015-2021 11

Gas Supply And Demand 12
Table: Japan Gas Production, Consumption And Net Exports – Historical Data & Forecasts, 2010-2016 12
Table: Japan Gas Production, Consumption And Net Exports – Long-Term Forecasts, 2015-2021 13

LNG 15

Refining And Oil Products Trade 18
Table: Japan Refining Production And Consumption – Historical Data & Forecasts, 2010-2016 18
Table: Japan Refining Production And Consumption – Long-Term Forecasts 2015-2021 19

Revenues/Import Costs 21

Key Risks To our Forecast Scenario 21

Country Oil & Gas Risk/Reward Ratings 22

Japan Upstream Rating – Overview 22

Japan Upstream Rating – Rewards 22

Japan Upstream Rating – Risks 22

Japan Downstream Rating – Overview 22

Regional Risk/Reward Ratings 23
Table: Asia's Oil & Gas Risk/Rewards Ratings 23
Table: Asia Upstream Risk/Reward Ratings 28
Table: Asia Downstream Risk/Reward Ratings 29

Japan Energy Market Overview 30

Overview/State Role 32

Licensing And Regulation 32

Government Policy 33

International Energy Relations 33
Table: Key Downstream Players 36

Oil And Gas Infrastructure 37

Oil Refineries 37
Table: Refineries In Japan 37

Service Stations 39

Oil Storage Facilities 39

LNG Terminals 40

Oil Terminals/ Ports 41

Gas Storage Facilities 41

Gas Pipelines 41

Competitive Landscape 42

Executive Summary 42
Table: Key Players In Japan’s Oil & Gas Sector 43

Company Profiles 44

JX Holdings 44

Inpex – Summary 46

Japex – Summary 48

Showa Shell – Summary 48

TonenGeneral Sekiyu – Summary 49

BP – Summary 50

Cosmo Oil – Summary 50

LNG Japan – Summary 51

Idemitsu Kosan – Summary 51

Petrobras – Summary 52

Tokyo Gas – Summary 53

Osaka Gas – Summary 53

Tokyo Electric Power (TEPCO) – Summary 54

Regional Energy Market Outlook 55
Table: Number Of Rigs In Operation In Asia 56

Global Energy Market Outlook 61
Table: Global Oil Demand Forecasts – A Comparison 63

Asia – Regional Appendix 66
Table: Oil Consumption – Historical Data & Forecasts, 2009-2016 (’000b/d) 66
Table: Oil Consumption – Long-Term Forecasts, 2014-2021 (’000b/d) 66
Table: Oil Production – Historical Data & Forecasts, 2009-2016 (’000b/d) 67
Table: Oil Production – Long-Term Forecasts, 2014-2021 (’000b/d) 68
Table: Refining Capacity – Historical Data & Forecasts, 2009-2016 (’000b/d) 69
Table: Refining Capacity – Long-Term Forecasts, 2014-2021 (’000b/d) 69
Table: Gas Production – Historical Data & Forecasts, 2009-2016 (bcm) 70
Table: Gas Production – Long-Term Forecasts, 2014-2021 (bcm) 71
Table: Gas Consumption – Historical Data & Forecasts, 2009-2016 (bcm) 71
Table: Gas Consumption – Long-Term Forecasts, 2014-2021 (bcm) 72
Table: LNG Exports – Historical Data & Forecasts, 2009-2016 (bcm) 73
Table: Net LNG Exports – Long-Term Forecasts, 2014-2021 (bcm) 73

Methodology And Risks To Forecasts 74

Glossary Of Terms 75
Table: Glossary Of Terms 75

Oil And Gas Risk/Reward Ratings Methodology 77

Ratings Overview 77
Table: BMI’s Oil & Gas Business Environment Ratings – Structure 78

Indicators 78
Table: BMI’s Oil & Gas Upstream Ratings – Methodology 78
Table: BMI’s Oil & Gas Business Environment Downstream Ratings – Methodology 79

BMI Methodology 81

How We Generate Our Industry Forecasts 81

Energy Industry 81

Cross checks 82

Sources 82

Company Profiles
JX Holdings
Inpex – Summary
Japex – Summary
Showa Shell – Summary
TonenGeneral Sekiyu – Summary
BP – Summary
Cosmo Oil – Summary
LNG Japan – Summary
Idemitsu Kosan – Summary
Petrobras – Summary
Tokyo Gas – Summary
Osaka Gas – Summary
Tokyo Electric Power (TEPCO) – Summary

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