06-19-2012, 05:38 AM
Bonkie!! Call Jobama before it's too late!!! He is fixing right quick, to keep on buying LNG he doesn't need!!!
Even Platt's has it all wrong. Maybe you should e-mail them too so they would stop spreading their JP LNG demand increase propaganda.
Huh, Platts cite the same Oxford report you did. However, they showed their LNG pumper bias with the misleading headline : "Japan's LNG demand could reach 88.7 million mt by 2020" Why can't Platt's just be helpful and unbiased like you Bonkie???
Even in a chicken little LNG world, I'd imagine IOC's $.12 at the plant gas vs. PNG LNG's $7.5 at the plant gas will somehow find it's way into the LNG market for decades to come........assuming the LNG market will exist.
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Japan's LNG demand could reach 88.7 million mt by 2020: report
London (Platts)--18Jun2012/524 am EDT/924 GMT
Japan's annual LNG demand is estimated to reach 82.4 million mt in 2012, up from 80.1 million mt in 2011, and could reach 88.7 million mt by 2020 if nuclear power is not restarted, a report published by Oxford Institute for Energy studies said Friday.
LNG consumption in the country has grown since the Fukushima disaster in March 2011, which saw nuclear power in the country switched off. In 2010, LNG demand was 69.8 million mt/year and increased to 80.1 million mt/year in 2011.
Restarting nuclear remains key to future LNG demand in Japan. LNG consumption levels are projected to be lower if existing nuclear power stations are restarted from 2013 and aging reactors decommissioned after 40 years. By 2013, LNG demand could drop to 73.6 million mt/year -- versus 83.3 million mt/year if nuclear is not restarted -- and by 2020 reach 81.2 million mt/year, the report said.
Prior to the Fukushima disaster, Japan used nuclear power, hydropower, and coal as its main base load power sources, with LNG power generation used as a middle to peak load power source.
According to the report, monthly LNG consumption grew by around 20% to 30% through 2011 after Fukushima and Japan has subsequently fallen out of favor with nuclear and the situation remains uncertain.
Public opinion towards nuclear has shifted too and has heightened awareness surrounding it. The report cites a survey published by Japan's Cabinet Office to demonstrate the change in opinion. In 2009 around 59.6% of respondents surveyed wanted to expand nuclear power, but by summer 2011 that number had plunged to 3%, and approx 66% wanted to reduce or decommission nuclear power. As a consequence, Japan's new energy policy is expected to reduce dependence on nuclear.
Despite this, some nuclear plants that have passed their stress tests are expected to come back online from around this summer, and LNG demand is therefore anticipated to fall.
In addition, the high level of demand is unlikely to continue in the long-term if LNG prices remain high, the report said.
Even Platt's has it all wrong. Maybe you should e-mail them too so they would stop spreading their JP LNG demand increase propaganda.
Huh, Platts cite the same Oxford report you did. However, they showed their LNG pumper bias with the misleading headline : "Japan's LNG demand could reach 88.7 million mt by 2020" Why can't Platt's just be helpful and unbiased like you Bonkie???
Even in a chicken little LNG world, I'd imagine IOC's $.12 at the plant gas vs. PNG LNG's $7.5 at the plant gas will somehow find it's way into the LNG market for decades to come........assuming the LNG market will exist.
**********
Japan's LNG demand could reach 88.7 million mt by 2020: report
London (Platts)--18Jun2012/524 am EDT/924 GMT
Japan's annual LNG demand is estimated to reach 82.4 million mt in 2012, up from 80.1 million mt in 2011, and could reach 88.7 million mt by 2020 if nuclear power is not restarted, a report published by Oxford Institute for Energy studies said Friday.
LNG consumption in the country has grown since the Fukushima disaster in March 2011, which saw nuclear power in the country switched off. In 2010, LNG demand was 69.8 million mt/year and increased to 80.1 million mt/year in 2011.
Restarting nuclear remains key to future LNG demand in Japan. LNG consumption levels are projected to be lower if existing nuclear power stations are restarted from 2013 and aging reactors decommissioned after 40 years. By 2013, LNG demand could drop to 73.6 million mt/year -- versus 83.3 million mt/year if nuclear is not restarted -- and by 2020 reach 81.2 million mt/year, the report said.
Prior to the Fukushima disaster, Japan used nuclear power, hydropower, and coal as its main base load power sources, with LNG power generation used as a middle to peak load power source.
According to the report, monthly LNG consumption grew by around 20% to 30% through 2011 after Fukushima and Japan has subsequently fallen out of favor with nuclear and the situation remains uncertain.
Public opinion towards nuclear has shifted too and has heightened awareness surrounding it. The report cites a survey published by Japan's Cabinet Office to demonstrate the change in opinion. In 2009 around 59.6% of respondents surveyed wanted to expand nuclear power, but by summer 2011 that number had plunged to 3%, and approx 66% wanted to reduce or decommission nuclear power. As a consequence, Japan's new energy policy is expected to reduce dependence on nuclear.
Despite this, some nuclear plants that have passed their stress tests are expected to come back online from around this summer, and LNG demand is therefore anticipated to fall.
In addition, the high level of demand is unlikely to continue in the long-term if LNG prices remain high, the report said.