Japan to Need More Oil, LNG After Closure of Hamaoka Plant

摘要

The closure of Chubu Electric Power's Hamaoka nuclear plant at the government's request has prompted upward revisions in forecasts for Japanese oil and gas demand this year. The latest comes from the Institute of Energy Economics Japan (IEEJ), which said this week that power generators will require an additional 140,000-160,000 barrels per day of oil, while LNG demand will increase by 9.9 million-12.2 million tons.