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
  • Carmakers face billions in European CO2 fines from 2021

    2017/09/23 Large-name carmakers inclunding Volkswagen and Fiat Chrysler face fines running into the billions for failure to meet tough new European carbon dioxide emissions limits slated for 2021, a study has found. "Only four out of 11 carmakers are estimate to meet the EU 2021 CO2 emission target, with the rest facing significant fines," researchers from British firm PA Consulting said in a statement Friday. European Union nations agreed in 2014 that carmakers should limit CO2 emissions to 95 grammes per kilometre across their entire model range within seven years.
  • Japan policymakers soften fiscal pledges as election prospects loom

    2017/09/23 Senior Japanese policymakers on Friday said they may need to adjust calculations underlying the country's plans to trim spending, an indication the government could look to water down previous pledges to improve fiscal prudence. The statements are a nod to recent reports premier Shinzo Abe will delay the timing for conference fiscal reform goals to allow the scope to boost spending on education.
  • UNWTO: International tourism – strongest half-year results since 2010

    2017/09/09 Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010. Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
  • There’s no doubt we lost our mojo - our way as an engineering company that made Honda Honda

    2017/09/08 The driver punched the air as his red and white Honda McLaren roared over the finish line. It was Suzuka, Japan, 1988, and Ayrton Senna had just become Formula One world champion for the initial time. The McLaren racing team and its engine maker, Honda Motor, were unstoppable that year, their drivers winning all but one of the 16 grand prix races. Off the track Honda had been tasting success, too. In the 1970s, its engineers had raised the bar for fuel efficiency and cleaner emissions with the CVCC engine. In the 1980s, as its engines were propelling Senna to multiple victories, the Civic and Accord cars were redefining the American family sedan. In 1997, Honda became one of the initial carmakers to unveil an all-electric battery car, the EV Plus, capable of conference California’s zero emission requirement.
  • Why Japanese workers aren’t as concerned about robots stealing their jobs

    2017/08/21 A culture that celebrates robots and a tradition of "lifetime employment" — retaining and retraining workers — created a muted debate. Thousands upon thousands of cans are filled with beer, capped and washed, wrapped into six-packs and boxed at dizzying speeds — 1,500 a minute, to be exact — on humming conveyor belts that zip and wind in a sprawling factory near Tokyo. Nary a soul is in sight in this picture-perfect image of Japanese automation.