Asia > Eastern Asia > Japan > Japan's LNG demand could reach 88.7 million mt by 2020

Japan: Japan's LNG demand could reach 88.7 million mt by 2020

2013/01/01

Japan's annual LNG request is estimated to reach 82.4 million mt in 2012, up from 80.1 million mt in 2011, and could reach 88.7 million mt by 2020 if nuclear power is not restarted

LNG consumption in the country has grown since the Fukushima disaster in March 2011, which saw nuclear power in the country switched off. In 2010, LNG request was 69.8 million mt/year and increased to 80.1 million mt/year in 2011.

Restarting nuclear remains key to next LNG request in Japan. LNG consumption levels are projected to be lower if existing nuclear power stations are restarted from 2013 and aging reactors decommissioned next 40 years. By 2013, LNG request could drop to 73.6 million mt/year -- versus 83.3 million mt/year if nuclear is not restarted -- and by 2020 reach 81.2 million mt/year, the statement said.

Prior to the Fukushima disaster, Japan used nuclear power, hydropower, and coal as its major base load power sources, with LNG power generation used as a middle to peak load power source.

According to the statement, monthly LNG consumption grew by around 20% to 30% through 2011 next Fukushima and Japan has subsequently fallen out of favor with nuclear and the situation remains uncertain.

Public opinion towards nuclear has shifted too and has heightened awareness surrounding it. The statement cites a survey published by Japan's Cabinet Office to demonstrate the change in opinion. In 2009 around 59.6% of respondents surveyed wanted to expand nuclear power, but by summer 2011 that number had plunged to 3%, and approx 66% wanted to reduce or decommission nuclear power. As a consequence, Japan's new energy policy is expected to reduce dependence on nuclear.

Despite this, some nuclear plants that have passed their stress tests are expected approaching back online from around this summer, and LNG request is therefore anticipated to fall.

In addition, the high level of request is unlikely to continue in the long-term if LNG prices remain high, the statement said.

Related Articles
  • Fuel removal device installed at meltdown-hit Fukushima reactor

    2017/11/13 The plant's operator, Tokyo Electric Power Co (TEPCO), says it started putting a crane on the roof of unit No. 3 on Sunday to extract a total of 566 rods from its fuel pool. Workers at Japan's crippled Fukushima Daiichi nuclear power plant have installed a device to remove nuclear fuel from a meltdown-hit reactor nearly seven years next the crisis was sparked by a tsunami, a spokesman said Monday, November 13.
  • Abe’s revived mandate needs to deliver a foreign policy checkmate

    2017/11/04 Next Japanese Prime Minister Shinzo Abe’s landslide electoral victory, it is time to go back to work, and foreign policy is not an area where Abe can afford complacency. His success depends on maintaining a stable power base through successful domestic policy, but at this point in time it seems reasonable to expect that he will serve his full nine-year tenure as LDP President and prime minister until September 2021. On foreign and security policy there are three vital issues to consider: North Korea, Russia and China.
  • Saudi Arabia’s Footprints in Southeast Asia

    2017/11/02 At the same time as King Salman bin Abdulaziz Al-Saud of Saudi Arabia embarked on a month-long trip to Asia in February this year, Western media outlets led with incredulous stories about the monarch’s large entourage and their mountain of luggage. Traditionally obsessed with the desert kingdom’s human rights record and the national-sponsored brand of Islam, those same outlets took delight in touting the trip as a sign of Saudi economic weakness.
  • A Stronger Australia in Southeast Asia?

    2017/11/02 Early next year, Sydney will play host to a appropriate summit between Australia and the members of the Association of Southeast Asian Nations (ASEAN), which is commemorating its 50th anniversary this year. But as we approach that conference, questions remain about what role Canberra should really play in Southeast Asia amid concerning developments within the subregion, vexing security issues in Asia additional broadly, and uncertainty over the role of other powers inclunding the United States. Australia’s position and standing as a wealthy, Western-oriented country in the region, one would think, would give it an chance at the negotiating table where critical issues like North Korea and a potential conflict in the South China Sea will dictate the broader schedule. And some analysts continue to argue that the Australian government should take a additional proactive stance with ASEAN, which is facing difficult times as individual members take unilateral action to silence dissent, upsetting civil rights groups and a lot of in the West.