Japan Oil & Gas Report Q2 2012 - New Market Research Report
BMI View: Over the near term, Japan's consumption of imported oil and natural gas will remain at heightened levels as a result of nuclear power generation losses in the wake of the 2011 earthquake and tsunami. Over the longer-term, a reassessment of energy strategy means nuclear will play a less prominent role and, inevitably, gas will have to make up part of the shortfall. This suggests Japan will become a still bigger player in global LNG purchasing.
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