Japanese Oil & Gas Construction Projects to Steadily Grow: Ken Research

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Japanese Oil Gas Construction Projects to
Steadily Grow Ken Research
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The construction involved in oil and gas refining
or production includes pipeline infrastructure,
refineries, oil and gas derricks, platforms and
storage tanks. The construction activity also
involves new facilities, repair and maintenance,
refurbishment and demolition along with cost type
of construction materials, construction equipment
and construction services.
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• TOYO is one of the alliance partners in
  Exploration Production (EP) companies in Japan
  that offer engineering services for development,
  planning, construction, operation management,
  project execution by using secondary and tertiary
  recovery techniques. All of these are entirely
  related to the exploration, extraction and
  production of oil and gas from the major oil and
  gas fields. TOYO designs and constructs projects
  involving chemical plants and oil refineries.
• The worlds largest liquefied natural gas (LNG)
  importer is Japan and ranks worlds fourth in
  coal imports, net imports of petroleum and other
  fuels. Japan ranks third in consumption of crude
  oil and petroleum products. The country lacks of
  sufficient domestic hydrocarbon resources and has
  encouraged the oil and natural gas projects
  construction. The country is the major exporter
  of energy-sector equipment and has the lowest
  energy intensities. Japan is

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• investing huge funds in research and development
  (RD) of energy technology since 1970s and has
  substantially increased energy efficiency.
• Japans nuclear power generation covered about
  27 of the power generation prior to the 2011
  earthquake, and was the least expensive sources
  of electric power. Japan replaced the loss of
  nuclear power with generation from imported
  natural gas, low-sulfur crude oil, fuel oil, and
  coal. This replacement with expensive fossil
  fuels led to higher electricity prices, higher
  government debt, and revenue losses for electric
  utilities.
• According to the report, Oil and Gas
  (Construction) in Japan Market Analytics by
  Category Cost Type to 2021, Japan imports
  almost all its fossil fuels and is spending
  billions of dollars for fossil fuel imports
  following the Fukushima accident. Japans
  currency

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depreciation, soaring prices of natural gas and
oil imports and sustained high international oil
prices are the major factor affecting the Japans
oil and gas construction sector. The government
of Japan is planning to resume production of
nuclear energy with necessary safety measures.
Japan believes that the use of nuclear energy
helps to reduce current energy supply and high
energy prices faced by the industries. The new
energy policy issued by Japan emphasizes on
energy security, economic efficiency, emissions
reduction, and safe use of nuclear power. Japan
plans to balance the oil and gas sector by
strengthening the renewable and alternative
energy sources, drifting from oil consumption to
advanced and efficient fuel generation
technologies. Oil is the largest source of
primary energy in Japan but total oil consumption
is negligible. This is due to increased energy
efficiency and the increased use of other green
fuels.
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• Japan depends on imports to meet its oil
  consumption needs and the government-controlled
  oil stocks to guard against a supply
  interruption. Oil demand in Japan has primarily
  declined due to fuel substitution, declining and
  aging population, and energy efficiency measures.
  
• Japan has a robust oil sector comprised of
  various state-run, private, and foreign
  companies. Japan Oil, Gas and Metals National
  Corporation (JOGMEC), a state-run enterprise is
  responsible for Japanese companies involved in
  oil and gas exploration and production overseas.
• The largest companies are Inpex and Japan
  Petroleum Exploration Company (Japex). Chevron,
  BP, Shell, and BHP Billiton are the foreign
  energy companies involved in providing products
  and services in Japan.
• The domestic oil reserves in Japan are available
  along the western coastline. Most of Japans
  domestic oil production is from the countrys

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large petroleum refining sector with limited
resources. Chunxiao/Shirakaba and
Longjing/Asunaro are the four natural gas fields
that are jointly explored and developed by Japan
and China due to the territorial claims. Japan
is investing more funds in overseas oil and
natural gas operations. Japanese companies are
involved in more than 140 oil and gas projects
worldwide such as the Middle East, Southeast
Asia, and Australia. Japanese oil companies
involved in exploration and production projects
overseas are Inpex, Cosmo Oil, Idemitsu Kosan
Company, Japan Energy Development Corporation,
Japex, Mitsubishi, Mitsui, Nippon Oil, and
others. Japans natural gas production has
ceased due to the declining natural reserves in
the past decade. Japan is using innovative
methods to produce hydrocarbons and to discover
methane hydrates. However,
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the costly innovations are sure to delay
production plans. The Japanese government
implemented carbon abatement policies and pledged
to lower greenhouse gas emissions by 26 by 2030.
Japan owns the highest efficiency rate of
coal-fired technology in the world. Japan is
installing new, clean coal plant technologies,
such as ultra-supercritical units or integrated
gasification combined-cycle technology, to meet
environmental targets and to replace some of the
decades-old coal power plants. Japan has three
natural gas-fired power plants with a combined
4.8 GW of capacity under construction and
scheduled to start operations by 2020. It is
expected that Japans nuclear reactors will
utilize renewable energy resources in the coming
years. By the year 2030, LNG is expected to
provide for around 27 of Japans power
generation.
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• An oscillation was observed in the Japanese oil
  and gas construction market in the past years.
  The oil and gas infrastructure exports are a
  pillar to Japan's growth strategy and the oil and
  gas construction in Japan has witnessed strong
  technology and innovation. Japan is Asia's most
  advanced economy and oil demand has declined for
  many years due to the ageing and declining
  population, and invention of cars with better
  mileage or cars using alternative fuels. The use
  or consumption of liquefied natural gas has
  started to increase in Japan and the construction
  of the oil and gas refineries is increasing
  though at a slow pace and will surely augment the
  market in the coming years.
• Key Factors Considered in the Report
• Global Gas Pipeline Fabrication and Construction
  Market Research Report
• Japan Oil and Gas Construction Industry Analysis

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• Japan Oil and Gas Construction Market
• Japan Chemical Plant Construction Industry Future
  Outlook
• Japan Gas and Related Construction Upcoming
  Projects
• Japan Oil Gas Construction Market Competitors
• Japan Petroleum Products Market Size
• Japan Natural Gas Market Developments
• To know more about the research report
• https//www.kenresearch.com/energy-and-utilities/o
  il/oil-gas-japan/116889-103.html
• Related reports
• https//www.kenresearch.com/energy-and-utilities/o
  il/global-petroleum-hydrocarbon-resin/118834-103.h
  tml

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