2nd
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 2021 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
2nd
LNG importer in the world
3rd
solar PV capacity in the world
-3%
annual decrease in energy intensity since 2010
Abstract
Institutions & Energy Policy
METI, the Ministry of Economy, Trade, and Industry, oversees the energy sector through ANRE, Agency for Natural Resources and Energy. ANRE has three departments: the Energy Efficiency 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
Resources:
Japan has limited hydrocarbon resources (around 6 Mt of oil and 24 bcm of gas in 2021). ANRE estimates that the economically exploitable potential of renewable energies amounts to 38-64 Mtoe/year (including 10-21 Mtoe of solar and 7-10 Mtoe of waste); the technical potential is estimated at 127 Mtoe/year.
Energy Prices
Oil:
The average price is US$1.34/l for gasoline and US$1.16/l for diesel in 2021. These prices follow international oil prices, declining between 2012 and 2016 and increasing slightly up to 2018. Japanese customers pay one of the highest gasoline prices in the Asia Pacific region after Hong Kong. Diesel prices are about 22% higher than in China.
Energy Consumption
Energy consumption per capita was 3.2 toe in 2021. Electricity consumption per capita was around 7600 kWh.
Total energy consumption has been decreasing continuously between 2010 and 2020 (-2%/year), and increased by nearly 5% in 2021, up to 404 Mtoe.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Using its Global Energy Forecasting Model POLES (baseline called EnerBlue 2020), Enerdata foresees the share of oil to account for 26% of the primary energy consumption by 2040, while the share of natural gas would be around 38% and the share of coal around 11%. The remainder (25%) 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 2021 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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