Market Research Logo

Japan Oil and Gas Report Q3 2015


Attention: There is an updated edition available for this report.

Japan Oil and Gas Report Q3 2015

BMI View: New legislation intended to streamline the refining sector saw around 400,000 barrels per day(b/d) of Japan's refining capacity taken offline and further closures are likely. Favourable terms for jointventures will see the downstream sector consolidate further and give companies more purchasing power.

We forecast weak refined product demand to offer limited future prospects for the sector. In the long termwe forecast up to 50% of nuclear plants to return to the grid with first nuclear restarts due in 2015, but thedemand for LNG will remain elevated. The increase in LNG purchases also reflects higher consumption bythe power sector. In the short term, demand for LNG will remain steady as Japan continues to fill in thenuclear void.

The main trends and developments we highlight for Japan's oil and gas sector are:

Japan's refining capacity fell by 400,000 barrels per day (b/d) following the introduction of a law onheavy residue cracking. This will cut Japan's refining capacity to 3.94mn b/d, down over 1mn b/d fromthe early 2000s. BMI believes that this will fall even further to 3.75mn b/d by 2017.


BMI Industry View
Table: Headline Forecasts (Japan 2013-2019)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Table: Proven Oil and Gas Reserves (Japan 2013-2018)
Table: Proven Oil and Gas Reserves (Japan 2019-2024)
Upstream Production - Oil
Table: Oil Production (Japan 2013-2018)
Table: Oil Production (Japan 2019-2024)
Upstream Production - Gas
Table: Gas Production (Japan 2013-2018)
Table: Gas Production (Japan 2019-2024)
Refining
Table: Refining Capacity and Refined Products Production (Japan 2013-2018)
Table: Refining Capacity and Refined Products Production (Japan 2019-2024)
Refined Fuels Consumption
Table: Refined Products Consumption* (Japan 2013-2018)
Table: Refined Products Consumption* (Japan 2019-2024)
Gas Consumption
Table: Gas Consumption (Japan 2013-2018)
Table: Gas Consumption (Japan 2019-2024)
Trade - Oil
Table: Crude Oil Net Exports (Japan 2013-2018)
Table: Crude Oil Net Exports (Japan 2019-2024)
Table: Refined Fuels Net Exports (Japan 2013-2018)
Table: Refined Fuels Net Exports (Japan 2019-2024)
Table: Total Net Oil Exports - Crude and Products (Japan 2013-2018)
Table: Total Net Oil Exports - Crude and Products (Japan 2019-2024)
Trade - Gas (Pipeline and LNG)
Table: Gas Net Exports (Japan 2013-2018)
Table: Gas Net Exports (Japan 2019-2024)
Industry Risk Reward Ratings
Japan - Risk/Reward Index
Japan Upstream Rating - Overview
Japan Upstream Rating - Rewards
Japan Upstream Rating - Risks
Japan Downstream Rating - Overview
Industry Risk Reward Index
Table: Asia: Oil & Gas Risk/Reward Index
Upstream Risk/Reward Index: Weak Oil Price Takes Its Toll
Table: Asia: Upstream Risk/Reward Index
Downstream Risk/Reward Index: Weak Prices Provide Little Cheer
Table: Asia: Downstream Risk/Reward Index
Market Overview
Japan Energy Market Overview
Table: Key Japanese Refiners
Overview/State Role
Licensing And Regulation
Government Policy
International Energy Relations
Table: US LNG Supply Contracts To Japan
Oil And Gas Infrastructure
Oil Refineries
Table: Refineries In Japan
Service Stations
Oil Storage Facilities
LNG Terminals
Table: Operational LNG Terminals In Japan
Table: Japanese LNG Terminals Under Construction
Table: Proposed Japanese LNG Terminals
Oil Terminals/ Ports
Gas Storage Facilities
Gas Pipelines
Competitive Landscape
Competitive Landscape Summary
Table: Key Players In Japan's Oil & Gas Sector
Company Profile
JX Holdings
Other Summaries
Regional Overview
Asia Oil And Gas Regional Overview
Upstream Production: Affected By Weak Prices
Asia: Hit By Industry Spending Caution
Downstream: Fierce Market Competition To Endure
Oil Consumption: Lower Prices Compensate For Subsidy Cuts
Gas Consumption: South Catches Up With North
Markets To Watch: India And Indonesia
Global Industry Overview
Oil Price Outlook
Table: BMI And Bloomberg Consensus Forecasts* WTI And Brent, Front Month - USD/bbl
Table: 2015-2016 - Fundamental Pressure On Oil Prices
Appendix
Asia - Regional Appendix
Table: Oil Consumption - Historical Data & Forecasts, 2012-2019 ('000b/d)
Table: Oil Consumption - Long-Term Forecasts, 2016-2024 ('000b/d)
Table: Oil Production - Historical Data & Forecasts, 2012-2019 ('000b/d)
Table: Oil Production - Long-Term Forecasts, 2016-2024 ('000b/d)
Table: Refining Capacity - Historical Data & Forecasts, 2012-2019 ('000b/d)
Table: Refining Capacity - Long-Term Forecasts, 2016-2024 ('000b/d)
Table: Gas Production - Historical Data & Forecasts, 2012-2019 (bcm)
Table: Gas Production - Long-Term Forecasts, 2016-2024 (bcm)
Table: Gas Consumption - Historical Data & Forecasts, 2012-2019 (bcm)
Table: Gas Consumption - Long-Term Forecasts, 2016-2024 (bcm)
Table: LNG Exports - Historical Data & Forecasts, 2012-2019 (bcm)
Table: Net LNG Exports - Long-Term Forecasts, 2016-2024 (bcm)
Japan - Total Hydrocarbons, 10-year Forecasts
Table: Total Hydrocarbons Production, Consumption and Net Exports (Japan 2013-2018)
Table: Total Hydrocarbons Production, Consumption and Net Exports (Japan 2019-2024)
Japan - Refined Products Breakdown, 10-year Forecasts
Table: Refined Petroleum Products, Production Breakdown (Japan 2013-2018)
Table: Refined Petroleum Products, Production Breakdown (Japan 2019-2024)
Table: Refined Petroleum Products, Consumption Breakdown (Japan 2013-2018)
Table: Refined Petroleum Products, Consumption Breakdown (Japan 2019-2024)
Table: Refined Petroleum Products, Net Exports Breakdown (Japan 2013-2018)
Table: Refined Petroleum Products, Net Exports Breakdown (Japan 2019-2024)
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
Table: Energy Price Forecasts, 2013-2018
Table: Energy Price Forecasts, 2019-2024 ( Global 2019-2024)
Glossary
Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Source
Risk/Reward Index Methodology
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report