1st
LNG importer in the world
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This analysis includes a comprehensive Japan energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2019 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
1st
LNG importer in the world
2nd
solar PV capacity in the world
-3%
annual decrease in energy intensity since 2010
Abstract
Institutions & Energy Policy
The METI, Ministry of Economy, Trade and Industry, is in charge of the energy sector through ANRE, Agency for Natural Resources and Energy. ANRE has three departments: the Energy Conservation and Renewable Energy Department, the Natural Resources and Fuel Department, and the Electricity and Gas Industry Department.
Energy Companies
Electricity:
The electricity sector is dominated by 10 regional, private companies (the "Ten EPCOS"), vertically integrated and grouped together in the Federation of Electric Power Companies (FEPC), and by J-Power. The EPCOs' monopoly in their region ended in 2016.
Energy Supply
Gas:
Japan is the world's largest LNG importer. Imports increased rapidly between 2010 and 2014 in order to compensate the drop in nuclear production. Since then, imports declined by 3.3%/year to 98 bcm in 2019. LNG imports represent 22% of the world's total LNG trade.
Energy Prices
Oil:
The average price is US$1.37/l for gasoline and US$1.19/l for diesel in 2020. Prices followed international oil prices until 2019, declining between 2012 and 2016 and increasing slightly up to 2018. However, they have increased in 2020, contrary to international oil prices. Japanese customers pay one of the highest gasoline prices in the Asia Pacific region, after Hong Kong and South Korea.
Energy Consumption
Energy consumption per capita decreased from 4.1 toe in 2000 to 3.3 toe in 2019 (9% above the EU level). Electricity consumption per capita was around 7400 kWh in 2019 (34% above the EU level).
Total energy consumption has been decreasing since 2010 (by 2%/year on average) to 420 Mtoe in 2019.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Using its Global Energy Forecasting Model POLES (baseline called Enerblue 2019), Enerdata foresees the share of oil to account for 30% of the primary energy consumption by 2040, while the share of natural gas would be around 25% and the share of coal around 13%. The remainder (32%) would be covered by nuclear, renewables and biomass.
Below is a list of the Japan energy market report graphs:
In the Japan energy market report you will find the following tables:
The Japan energy market data since 1990 and up to 2019 is included in the Excel file accompanying the Japan country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Japan country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Japan country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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