JAPAN

(in North Asia)

CAPITAL: TOKYO

POPULATION: 128 mm

AREA (on): 377,800 km2

OIL PEAK: 1992

SUPPLY

Japan has struggled to maintain oil output from its small onshore and offshore fields and there is little chance that decline can be arrested, as few prospects exist.

Although the country has slightly greater onshore gas production levels, there are limited possibilities for growth and slow decline is also forecast for gas.

 

DEMAND

Japanís oil imports are second only to the USA but will soon be surpassed by China, whilst its gas imports (all LNG) are the highest in the world. Its fully developed economy and long term issues with economic growth have led to sharp decreases in oil consumption as the price rose over the last decade

Conversely steady gas consumption growth is expected. New gas imports from Sakhalin Island in Russia have begun and there is competition with China for other FSU gas supplies. Nevertheless Japan is a global leader in looking to conservation and alternatives to maintain its energy balance.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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