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Oil Market Report - March 2017
…global oil product demand growth is expected to ease back to 1.4 mb/d in 2017. Early indicators of 1Q17 demand support this, with slowdowns seen in January in Japan, Germany, Korea and India.Global oil supplies rose 260 kb/d in February as OPEC and non-OPEC producers pumped more. At 96.52 mb/d, world oil production stood 170 kb/d below a year ago. OPEC posted a year-on-year decline for the second month running. In 2017 non-OPEC output is set to rise 0.4 mb/d to 58.1 mb/d.OPEC crude output rose by 170 kb/d in February to…
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Oil Market Report - February 2019
…with Saudi Arabia, UAE and Kuwait cutting by more than promised. Compliance by non-OPEC participants was only 25%.In December, global refining throughput fell 0.7 mb/d y-o-y instead of an expected increase due to lower activity in Asia's four largest refiners: China, India, Japan and Korea. Our 2019 forecast is unchanged, with runs expected to grow by 1.2 mb/d.At end-December, OECD oil company stocks were 5.6 mb below the November level at 2 858 mb, up 4.6 mb compared with end-2017. The major stock build in 2H18 was in non-OECD countries. Government stocks drew in…
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Energy Policies of IEA Countries: Japan 2008
Energy Policy Review Energy Policies of IEA Countries: Japan 2008 This review takes an in-depth look at the energy challenges facing Japan today and provides critiques and recommendations for policy improvements to help guide the country towards a more sustainable energy future.
Declaring climate change and environment as a top priority of the 2008 G8 Summit in Hokkaido, host country Japan has demonstrated its commitment to pressing ahead in these domains. Already a world leader in advancing energy technology transfer and environmental policy, the country is determined to further improve its domestic policies, moving it towards a more sustainable… -
Energy Policies of IEA Countries: Japan 2003
Energy Policy Review Energy Policies of IEA Countries: Japan 2003 The International Energy Agency's 2003 review of Japan's energy policies and programmes. This edition finds that Japan has ratified the Kyoto protocol and is implementing its 2002 climate change plan. The country has developed an impressive range of policies to address rising CO2 emissions from the energy sector. Some of the measures could be strengthened however, and made more cost-effective. Industry’s use of Kyoto flexible mechanisms could also reduce costs.
Nuclear power plays a key role in Japanese energy policy, but the government’s objective of… -
Energy Policies of IEA Countries: Japan 1999
Energy Policy Review Energy Policies of IEA Countries: Japan 1999 This IEA report provides a comprehensive in-depth assessment of the energy policies of Japan, including recommendations for policy development. Since the last in-depth review in 1994, the two major themes in Japan's energy policy have been reform of the regulatory framework and measures to respond to climate change. Energy sector reform in the energy sector is an important component of overall policy on economic recovery. Increasingly, the market will be relied on to achieve a satisfactory outcome. Independent Power Producers have entered the electricity market since 1995…
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Oil and Gas Emergency Policy: Japan 2013 update
Oil and Gas Emergency Policy: Japan 2013 update Oil remains the most significant energy source in Japan, accounting for some 45% of the country’s total primary energy supply in 2011. The transport sector represented around 38% of total consumption in 2010, while the industry sector accounted for 30%. A significant proportion of the industry sector’s oil demand comes from the chemical industry. The country has 27 operational refineries with a total crude distillation capacity of around 4.5 mb/d. Japan meets its 90-day stockholding obligation to the IEA by holding government emergency stocks and by placing…
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Energy Policies of IEA Countries: Japan 2016 Review
Japan’s energy policy has been dominated in recent years by its efforts to overcome the fallout from the 2011 earthquake and the subsequent Fukushima nuclear accident. One consequence of the accident was a gradual shutdown of all nuclear power plants, which has led to a significant rise in fossil fuels use, increased fuel imports and rising CO2 emissions. It has also brought electricity prices to unsustainable levels. Faced with these challenges, the government of Japan has revised its energy policy in recent years to focus on further diversifying its energy mix (less use of fossil fuels, more reliance on…
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Japan 2021
Energy Policy Review The International Energy Agency (IEA) regularly conducts in-depth peer reviews of the energy policies of its member countries. This process supports energy policy development and encourages the exchange of international best practices and experiences.
Nearly a decade after the 2011 earthquake and the subsequent Fukushima nuclear accident resulted in significant disruption to its energy supply, Japan has made visible progress towards realising its vision of an efficient, resilient and sustainable energy system.
It has diversified its energy mix and embarked on a major reform of its electricity and natural gas markets. The gradual expansion of renewable…
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Gas Resiliency Assessment of Japan 2016
This report summarises the findings from the "Gas Resiliency Assessment of Japan" workshop, organised jointly by the International Energy Agency (IEA) and the Ministry of Economy, Trade and Industry (METI) of Japan, held in July 2016. This initiative aimed to identify the natural gas supply security risks and challenges of Japan and to examine whether existing policies to address these challenges remain are and will remain relevant in the near future. This report contains several recommendations to improve the resiliency of Japan. In the energy system of Japan gas plays an important role, particularly so after the 2011 Great East…
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Assessing Measures of Energy Efficiency Performance and their Application in Industry
Assessing Measures of Energy Efficiency Performance and their Application in Industry This paper explores different measures of energy efficiency performance (“MEEP”) and considers the importance of so-called boundary definitions when measuring energy performance, and how these affect the appropriateness of country comparisons to guide policy decisions.
The paper also addresses the limitations of both energy intensity and technology diffusion indicators as measures of energy efficiency performance. A case study on Japan’s iron and steel industry illustrates the critical role of proper boundary definitions for a meaningful assessment of energy efficiency in industry.