Japanese and Global Energy Outlook 2017, Published AUG 2016
Published on by Yoshimi Yoshida, Environmental Consultant
The Institute of Energy Economics, Japan IIEJ
Chief Economist, Managing Director
Ken Koyama
A Japanese Perspective on the International Energy Landscape
The Special Edition provides a glimpse of fuel price trends with a focus on Japan Energy Mix, in relation to the international trends of fossil fuel price and renewable energy price.
The gist of the article includes (please note some of the nuances are my personal filter) :
- The oil price fluctuates and remains a risky investment destination. Demand is forecasted to rise against supply hence the price is upward. However, the price may see quite a range of turbulence and destabilization. Shale Gas Production in the US continues to stagnate; United States of America, India and China remain the oil growth factor.
- Liquid Natural Gas seems to follow a similar turbulence as Oil is described, while the LNG price goes down / due to oversupply, and investment is getting re-balanced /reduction. Asia's LNG Prices are indexed with Oil Price, and likely to slow the price growth down. The margin from long term contracts and spot prices requires a set of further analysis.
- Coal Supply and Demand remain uncertain but Coal Price Trend may see upward trend due to slumping coal production, and making the supply scarce and the price will see upward trend.
- The expansion (and pace) of the renewable energy uptake and operational capacity is shifting from Europe to Asia due to deceleration of Feed in Tariff policy schemes in Europe. As renewable energy expanded (mainly solar and wind), European and Deregulated Markets around the world have seen reduction in electricity wholesale prices, diminishing the value of fossil fuels. With Japan, the renewable energy operating capacity is expected to grow by 65 GW by the end of FY 2017.
- JAPAN FY 2017 : The spending on fuel imports is expected to see reduction by 4.7 trillion yen (compared to FY 2010), due to significant milestones achieved thru Energy Efficiency / Energy Improvements / Renewable Energy, combined with the re-start of Nuclear Power Plants of 17 facilities around the nation in 2017 (forecast). Japan continues to see a transition from Fossil Dependent Structure to Renewable Energy and Energy Efficiency based Structure, along with nuclear restart.
The Full Report is attached in PDF (ENGLISH)
Chief Economist and Managing Director
Ken Koyama
Further inquires and back issues (locations) found in this report as attached here.
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